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What is an Agent?

posted Jan 7, 2013, 12:19 PM by ICB Administrator
Under The Insurance Act, 2005, the definition of an Agent is as follows;
“agent” means a body corporate appointed by a registered insurer and not being an employee of the insurer, who solicits applications for insurance, collects money by way of premiums and acting in accordance with the relevant agency agreement may bind the registered insurer for whom the agent acts in the issue of insurance cover;