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Insurance agent is anyone who is entrusted by an insurer or an insurance agent with the task of brokering or concluding insurance contracts on a commercial basis.
As a self-employed trader, he is constantly entrusted with brokering contracts for an insurer and, if necessary, concluding them as well as participating in their administration and fulfilment.
Vis-Ã -vis the insurance undertaking, the agent is obliged to endeavour to conclude insurance transactions.
He is in the insurer’s warehouse and usually has power of attorney for the insurance company.