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      Question

      A person who represents only one insurance company and

      is restricted by agreement from submitting business to any other company is termed as?
      A Seller Correct Answer Incorrect Answer
      B Captive Agent Correct Answer Incorrect Answer
      C Service Provider Correct Answer Incorrect Answer
      D Aggregate Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      A captive agent is an insurance agent who only works for one insurance company. A captive agent is paid by that one company, either with a combination of salary and commissions or with just commissions.

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