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Resident Agent

What Does Resident Agent Mean?

A resident agent (or statutory agent) is a licensed insurance broker who works in the state where they reside. Resident agents are licensed to sell insurance in the state in which they live and nowhere else.

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Insuranceopedia Explains Resident Agent

Insurance laws in the U.S. are based on state regulation. So, most insurance professionals, including brokers, are only licensed in their state.

A resident agent is, in a general sense, the company representative for the state.

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Synonyms

Statutory Agent

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