Insurance is sold by two types of agents: independent agents, who are self-employed, represent several insurance companies and are paid on commission; and exclusive or captive agents, who represent only one insurance company and are either salaried or work on commission. Insurance companies that use exclusive or captive agents are called direct writers.

"Agent" In Context

"The value of the master agent is often questioned by those who lack a clear understanding of the gap this role fulfills. For many in the industry, the term ‘broker’ is often used to refer to the master agent, but both are designed to serve ..."