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On average, independent agents work with thirteen property and casualty and six life and health insurance companies on a regular basis. Independent agents own and control their accounts, policy records, and renewals. If an independent agent’s contract with a particular insurance company terminates, the agent retains the rights to active ...
Independent agencies exist outside the federal executive departments (those headed by a Cabinet secretary) and the Executive Office of the President.: 6 There is a further distinction between independent executive agencies and independent regulatory agencies, which have been assigned rulemaking responsibilities or authorities by Congress.
Multiple quotes from different companies. One of the best benefits of working with an independent insurance agent is having them shop for insurance quotes for you. With access to multiple ...
The name was changed again in 1975 to the Independent Insurance Agents of America. In 2002, the association became the Independent Insurance Agents & Brokers of America (IIABA or the Big "I") to encompass the group's entire membership of independent insurance agents and brokers. Robert Rusbuldt is the current Big "I" president & CEO.
e. An independent contractor is a person, business, or corporation that provides goods or services under a written contract or a verbal agreement. Unlike employees, independent contractors do not work regularly for an employer but work as required, when they may be subject to law of agency. Independent contractors are usually paid on a ...
New York Life Insurance Company ( NYLIC) is the third-largest life insurance company [4] and the largest mutual life insurance company in the United States, [5] and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. [6] In 2023, NYLIC achieved the best possible ratings by the four independent rating ...
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