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Captive agent

A captive agent is an individual who exclusively represents a single insurance company and is bound by contract to only submit business to that company. They are not allowed to work with any other insurance company unless their captive company declines the business first. This arrangement often limits the options available to the client, as the captive agent is not able to provide quotes from other companies.

Consideration

This is typically done to protect individuals and businesses from financial loss due to unforeseen events. An insurance contract entails a fixed premium and a mutual unders...

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War risk

In the realm of finance, there exists a special coverage that pertains to cargo transported on overseas ships. This coverage protects against the risk of confiscation by a g...

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Cancelable

A health policy with the possibility of being terminated by the insurer at their discretion, without any specific reason required....

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Insurance

Insurance is a crucial financial tool that provides protection for individuals and their loved ones. It is a contractual agreement where an individual pays a premium in exch...

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