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
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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.
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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; and
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Examples of Captive Agent in a sentence

  • NetQuote will use the information to suppress distribution of the RFQ to the same insurance company, Captive Agent company, or to any independent agent.

  • Captive Agent - an individual who sells or services insurance contracts for a specific insurer or fleet of insurers.


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.
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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.
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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.
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Related to Captive Agent

  • Administrative Agent as defined in the preamble hereto.

  • Administrative Agents means the Administrative Agent, the Canadian Administrative Agent and the Australian Administrative Agent.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Canadian Administrative Agent means Royal Bank of Canada in its capacity as Canadian administrative agent for the lenders party to the Canadian Credit Agreement and any successor thereto.

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in US Dollars or any Letter of Credit, and with respect to any payment hereunder that does not relate to a particular Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in any Alternative Currency, the London Agent.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of April 1, 1998, between the Agent and the Borrower, as amended, modified, supplemented or replaced from time to time.

  • Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Facility Agent has the meaning set forth in the Preamble.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.