Legal Definitions - record agent

A record agent is a type of insurance agent who is authorized by an insurance company to sell its insurance policies. They are also known as insurance agents or producers.

• General Agent: An agent with the general power of making insurance contracts on behalf of an insurer.
• Special Agent: An agent whose powers are usually confined to soliciting applications for insurance, taking initial premiums, and delivering policies when issued.

For example, a general agent may have the authority to negotiate and sign insurance contracts on behalf of the insurance company, while a special agent may only be able to sell policies and collect premiums.

Overall, a record agent is an important intermediary between insurance companies and customers, helping individuals and businesses find the right insurance coverage to meet their needs.