Exclusive Agency System

An insurance distribution system within which agents sell and service insurance contracts that limit representation to one insurer and which reserve to the insurer the ownership, use, and control of policy records and expiration date. See also Captive Agent and Direct Writer, and contrast with Independent Agency System

See Also: Employers Liability Insurance; Earned Premium; Eligibility requirements; Emergency reunion; Emergency evacuation; Evidence of insurability; Exclusions in health insurance; Exposure; Expense Ratio; Encumbrance; Evidence Clause;

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