Insurance Agent Definition and Agent Authority Form
Insurance agent definition
Insurance agents are ambassadors of the company represent the company to deliver products that can be marketed in the fulfillment of the needs of the customer/prospective customer.
in this case the entry in the triangle of insurance are:
1. Insurance services company
2. the Intermediary/agent
3. The buyer/customer/prospective customer
Intermediaries can also referred to as the agent/legal entity his job selling insurance services for and on behalf of the company where he worked.
A few definitions:
a. According to the law on insurance which insurance agent is a person/legal entity activities provide insurance services for and on behalf of the insurer.
b. According to the Council of insurance where insurance agent is the person/agency law that his job selling insurance services for and on behalf of the insurance company.
c. According to the code of ethics the Alliance life insurance life insurance agencies where Indonesia is a person/legal entity has the power to act for and on behalf of the company where he worked to market insurance products.
d. According to the common understanding which insurance agent is a person/legal entity appointed by the insurance company to get a new business and to acquire a business that has been there consistently and full sense of responsibility.
Common tasks:
in carrying out its task then an insurance agent has the duty:
– study the needs of prospective customers
– offer clearly and completely how insurance products can serve both the features, benefits and terms of conditions prevailing therein.
-fill in a complete and clear SPAJ
– Submit a policy when it has been completed by the customer.
Administration Agent:
– SPAJ
– Report of the secret agent
– medical and financial underwriting potential borrowers
– restoration of the polis
– claims due
– claim of death.
Agent authority form:
1. a written Authority which is stated in the contract of Agency
2. The authority of the inplisit that are not stated in the contract of Agency.
3. Public Authority i.e. customs agent to be the
4. the real Authority in which all actions taken represent the giver of power.