Insurance Agent

Includes firms which represent one or more insurance company/companies in dealing with the insured parties, policy buyers and insurance brokers. An establishment of that kind works for the account of the insurance company under a special contract. It represents the insurance company on the local level and is authorized to carry out business assigned to it, provided that all its acts and activities are approved by the company. It receives its remunerations from the company and not from the insured parties.