Who is an agent?

• people or organisation who sells insurance for insurers (Principle Company)
• bring together those who want to but protection (insurance) with insurer (company).
• act as intermediaries between insurer and insured.
• duties include as professional/technical advisor to insured and to sell all the necessary information of a product of insurer.
• must be registered with the PIAM/NAMLIA.
• Subject to regular training.
• A general insurance agent can represent not more than two principals (Insurance Companies) at any one time.
• type of agents :-
  • Ordinary agents (Individual/Companies)
  • Own case agents (Corporate)

• do not need capital investment.
• must be good character and honest.
• Income earns through commissions.

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