Contracts issued by an insurer and delivered to an insured but not yet paid for. See also Examined Business, Paid Business and Written Business.
Contracts issued by an insurer and delivered to an insured but not yet paid for. See also Examined Business, Paid Business and Written Business.
An individual appointed by a Life or Health insurer to administer its business in a given territory. He is responsible for building his own agency and service force, and is compensated on a commission basis, although he possibly has some additional expense allowances.