Captive Agent definition

Captive Agent means an insurance agent who is currently licensed in good standing by the California Department of Insurance to sell, solicit, and negotiate health insurance coverage and has a current and exclusive appointment with a single Issuer and may receive compensation on a salary or commission basis as an agent only from that Issuer.

Captive Agent means an insurance agent who is currently licensed in good standing by the California Department of Insurance to sell, solicit, and negotiate health insurance coverage and

Captive Agent means a representative of a single insurer who is obliged to submit business only to that insurer, or give said insurer first refusal rights on a sale.

Examples of Captive Agent in a sentence

• The PBE shall offer to transfer the consumer to a Captive Agent or Solicitor, as defined in Health and Safety Code Section 1345(m), affiliated with the PBEE capable of offering the consumer the full range of health plans offered by the Issuer in the Individual Market and Individual Exchange.

• Exclusive AgentSee Captive Agent Fraternal Benefit SocietyAn insurer incorporated without capital stock, which exists solely for the benefit of its own members, and which operates on the lodge system.

• If the Certified Plan-Based Enroller is a Captive Agent, failure to maintain a license in good standing with the California Department of Insurance.

• Be employed or contracted by a registered Certified Plan-Based Enrollment Entity as a Captive Agent or Issuer Application Assister pursuant to subdivision (a)(2).

• Certified Plan-Based Enrollers that do not meet the definition of a Captive Agent, as defined in Section 6410 of Article 2 of this chapter, shall report to the Exchange any criminal convictions and administrative actions taken by any other agency within 30 days of the date of the conviction or action.

• Be employed or contracted by a registered Certified Plan-Based Enrollment Entity PBEE as a Captive Agent or Issuer Application Assister pursuant to subdivision (a)(2).

• If theCertified Plan-Based Enroller PBE is a Captive Agent, failure to maintain a license in good standing with the California Department of Insurance.(b) Appeals.(1) Individuals or entities may appeal a determination made pursuant to subdivision (a)(1) of this Section through the process described in Section 6718 of this Article.

• Plan-Based Enrollers that are a Captive Agent as defined in Section 6700, shall be licensed in good standing through the California Department of Insurance.

• Captive Agent – A captive agent usually places insurance only with a particular carrier.

• Plan-Based Enrollers that do not meet the definition of a Captive Agent as defined in Section 6700, shall report to the Exchange any criminal convictions and administrative actions taken by any other agency within 30 days of the date of the conviction or action.

More Definitions of Captive Agent

Captive Agent means a representative of a Zurich Insurer who is obliged to submit specified business only to a Zurich Insurer or to give a Zurich Insurer first- refusal rights on the placement of a Commercial Insurance Policy.

Captive Agent means: a representative of a Zurich Insurer who is obliged to submit specified business only to a Zurich Insurer or to give a Zurich Insurer first- refusal rights on the placement of a Commercial Insurance Policy.

Captive Agent means, per InsWeb Insurance glossary, one who sells insurance for only one company as opposed to an agent who represents several companies. See also Exclusive Agency System.