A captive agent, or a person who represents only one insurance company and is restricted by agreement from submitting business to any other company unless it is first rejected by the agent's company. (See Captive agent )

"Exclusive Agent" In Context

"Jadwa Technology Special Opportunity Fund recently acquired shares in UMG UMG, the exclusive agent of Samsung in the Kingdom, following its foray into the technology sector. During the visit, the delegation held a series of meetings with the top executives ..."