What is General Agent?
General agent term can refer to an employee who has enough authority to transact legal business of the company entrusted by a principal or to an individual appointed by a life or health insurer to administer its business in a given territory.
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General agent definition
General agent term can refer to an employee who has enough authority to transact legal business of the company entrusted by a principal or to an individual appointed by a life or health insurer to administer its business in a given territory.
General agents are important for companies who sell to small employers or brokers e.g., benefits administration software providers.