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agent i.e. a company or firm could also be an
agent.
The primary function of an agent is to procure
business for the insurance company. However,
the agent can only procure business for the
particular insurance company which he/she
represents, and for no other company.
Once the insurance contract has been put into
force, the agent has to ensure continuance of
the policy through regular payment of renewal
premiums. In case of a claim, the agent should
help the insured in proper settlement of claims.
b. INSURANCE BROKERS
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