Final answer:
Exclusive or captive agents represent the insurance company. They are contracted and exclusively represent a single insurance company, selling its policies and providing customer service to policyholders.
Step-by-step explanation:
An exclusive or captive agent represents the insurance company.
They are contracted and exclusively represent a single insurance company, selling its policies and providing customer service to policyholders.
They do not represent the insured (policyholder), the Department of Insurance, or a reciprocal. Instead, their primary function is to act on behalf of the insurance company they are contracted with.
Learn more about Exclusive or captive agents in the insurance industry