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The Automobile Insurance Agent is authorized to transact automobile insurance of the following
types only as defined in Section 660, which consists of the following:
private passenger or station wagon-type motor vehicles (with certain limitations);
four-wheel motor vehicles within a load capacity of 1,500 pounds or less (with certain
limitations); and,
motorcycles.
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What is the difference between a personal lines agent and a general lines agent?
A personal lines agent deals with homeowners and auto insurance. A general lines agent deals with commercial insurance, bail bonds, life, accident, and health insurance.
Where can I apply for limited liability insurance?
Limited liability insurance can be purchased from many insurance companies. An explanation of limited liability insurance can be explained by a qualified insurance agent.
What is a personal lines insurance agent?
A Personal Lines Insurance Agent is a person who sells you insurance for your home, boat, car, motorcycle, umbrella, rental dwelling, vacant property, things that you own personally and not used in business.
What is a special insurance agent?
Generally this means a limited license. Some people who work for certain companies like banks or other industries will have a limited license that allows them to sell only certain lines of business such as credit life insurance. They are not required to take the full licensing exams.
What type of agent represents only one life insurance company and is limited in his ability to meet your needs?
Captive Agent
What is the difference between mercantile agent delcredere agent broker and factor agent?
An agent (captive) works directly for a single insurance company and is limited only to that company's offerings. A broker represents many insurance companies and can therefor provide you a multitude...
Do you have to be bonded to be an insurance agent?
yes.. in some States, depends on the lines of Insurance you would be selling.Call your States dept. of professional regulation.
What is a multiple lines insurance agent?
A multi line insurance agent is an agent who not only can provide insurance for you in a certain field, but multiple fields. For example: if you have an insurance license for Life & Health in a certain state but not Property & Casualty, you will only be able to write business for Life & Health in that state. If you have all lines of authority, you can legally write business under any line such as Property & Casualty, Life & Health, and Surplus Lines. Agents must hold the same lines of authority in her or her resident state that they are applying for in any other (non-resident) state.
What is a limited lines agent?
The Automobile Insurance Agent is authorized to transact automobile insurance of the following types only as defined in Section 660, which consists of the following: 􀂾 private passenger or station wagon-type motor vehicles (with certain limitations); 􀂾 four-wheel motor vehicles within a load capacity of 1,500 pounds or less (with certain limitations); and, 􀂾 motorcycles.
What is a 220 florida insurance license?
A 220 Florida insurance license is a general lines agent license. It gives the license holder the legal right to sell property and liability insurance.
What is a commercial lines representative?
A Commercial Lines Representative is an insurance broker or agent that sells commercial polcies such as liability, property, business interruption, crime, etc.
What does excess and surplus lines refer to?
This is the license class that enables an insurance agent and/or agency to place large and/or hard-to-place insurance risks with non-admitted insurance carriers, also known as surplus lines or excess lines carriers. This class of insurance has very stringent filing and reporting requirements in many states including requiring zero reporting by the surplus lines broker.
