Special Agent
Updated: 02 December 2024
What Does Special Agent Mean?
A special agent, also known as a solicitor, is an individual appointed by an insurance agent to identify potential policyholders. This role requires a license; however, while special agents can seek out prospective customers, they are not authorized to sell insurance policies.
Insuranceopedia Explains Special Agent
The role of a special agent emerged due to intense competition in the insurance market. While they are licensed to identify potential clients who can be insured, they are not authorized to issue coverage or sell insurance policies.
Instead, special agents refer prospective clients to insurance agents and earn a commission for each policy successfully issued through their efforts.
Synonyms
Solicitor