| 单词 | insurance tied agent |
| 释义 | insurance tied agent An agent who represents a particular insurance company or companies. In life and pensions insurance, a tied agent represents only one insurer and is only able to advise the public on the policies offered by that one company. In general insurance (motor, household, holiday, etc.), a tied agent represents no more than six insurers, who are jointly responsible for the financial consequences of any failure or mistake the agent makes. In both cases the agent receives a commission for each policy that is sold and a further commission on each subsequent renewal of the policy. The commission is calculated as an agreed percentage of the total premium paid by the policyholder. The distinction between the two forms of insurance tied agent was a consequence of the Financial Services Act 1986 and the General Insurance Selling Code 1989 of the Association of British Insurers. |
| 随便看 |
|
英汉经管词典收录了5297条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。