What is not a responsibility of an insurance agent?
What is not a responsibility of an insurance agent?
Insurance agents do not have an independent duty to identify their clients’ needs and to advise them regarding whether they may be underinsured because it is the client’s responsibility or duty—not the insurance agent’s—to determine the amount of coverage needed and advise the agent of those needs.
What skills do insurance agents need?
Here are seven of the most sought-after skills for insurance brokers. Problem-Solving. In our everyday lives, we all come across problems that require solving. …Customer Service. …Numeracy. …Organization. …Detail-Oriented. …Communication. …Negotiation.
What are the types of insurance agents?
There are two types of insurance agents: Captive Agents. Captive agents work for one insurance company either full-time or as independent contractors. …Independent Agents. …Retail Brokers. …Wholesale Brokers. …Surplus Lines Brokers. Aug 13, 2021
