Corporate agent

A corporate agent is an entity rather than a person, registered with the regulator to distribute insurance. A composite corporate agent may hold arrangements across life, general and health insurers, within limits the regulations set.

Corporate agents must appoint a principal officer. Individual agents do not have one, because the licence is held by the person.

Related terms

• Insurance agent An individual appointed by an insurer to solicit and service its insurance business.
• Principal officer The person responsible for a corporate agent's or broker's regulatory compliance.
• Insurance broker An intermediary that represents the customer and can place business with multiple insurers.

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