Insurance Agent: Functions & Qualifications.
Insurance Agent: A person licence by a state and generally employed by an insurance company to sell insurance policies on the company's behalf. The agent general receives a commission for this service. He/She attend to extract the maximum value for the insurance company in all his/her dealings. An insurance agent should not be confused with an insurance broker or an insurance underwriter. An agent is a person who represent and insurance firm and sells insurance policies on its behalf. Characteristics of an Agent:- The Characteristics of an Insurance Agent are as follows:- 1. Entrepreneurial Mindset : Being an insurance agent has a big similarity with owning a business in such a way that the income is not fixed on a certain rate. Should the agent decide to exert more effort, he can increase his commissions but if he becomes too complacent, he won't get enough sales and consequently, not earn enough commissions. 2. Good Speaker : In offering insurance plans, a sales agent nee