Broker

The Age Discrimination in Employment Act (ADEA) is a federal law that prohibits employers from discriminating against employees and job applicants who are 40 years of age or older on the basis of age. ADEA applies to employers with 20 or more employees, labor organizations, employment agencies, and the federal government. The key features of the ADEA include:

An Agent as a Fiduciary in insurance refers to an insurance agent or broker who is legally obligated to act in the best interests of their clients and to disclose any potential conflicts of interest. This means that the agent must put the client's interests ahead of their own and provide advice that is based solely on the client's needs.

In insurance, a broker is a licensed professional who acts as an intermediary between insurance buyers and insurance companies. The broker's role is to help clients find and purchase insurance policies that meet their needs and budget.

In insurance, a captive agent is a licensed insurance agent who works exclusively for a single insurance company. The agent's role is to sell and service insurance policies offered by their company to customers.

Fiduciary responsibility in insurance refers to the legal and ethical obligation of a person or organization to act in the best interests of another party when managing their assets or funds. In the insurance industry, fiduciary responsibility applies to insurance agents, brokers, and other professionals who are responsible for managing their clients' insurance policies and coverage.

A Managing General Agent (MGA) is a type of insurance intermediary who is authorized to underwrite, bind, and manage insurance policies on behalf of an insurance carrier.

A non-captive or independent insurance agent is a licensed insurance agent who represents multiple insurance companies and is not tied to any one insurer.

A Personal Producing General Agent (PPGA) is an insurance agent who works as a hybrid between a general agent and a producer. PPGAs are responsible for both managing a team of producers and selling insurance themselves.

In insurance, a producer is an individual or organization authorized by an insurer to sell or solicit insurance policies.