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Confuzzzed · 2010-09-18 16:35:06

Can anyone exlpain what this means to them? The Representitive is engaged in the business of selling insurance products on his or her own account as an independent Contractor, (Tied Agent, as defined in the Insurance Act 1989 or any amendment thereto) :confused::confused::confused::confused:

18-09-2010 4:35pm

#1
Confuzzzed

Closed Accounts Posts: 5 ✭

Join Date: September 2010

Posts: 4
Can anyone exlpain what this means to them?
The Representitive is engaged in the business of selling insurance products on his or her own account as an independent Contractor, (Tied Agent, as defined in the Insurance Act 1989 or any amendment thereto)

Tagged:

insurance

legal

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Comments

#2 18-09-2010 5:18pm

Farcear

Registered Users, Registered Users 2 Posts: 618 ✭✭✭

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Posts: 564

It means that, although the representative is selling policies for ABC Insurance Company, he or she is not an employee of ABC.

I imagine the definition of "tied agent" would explain it a little more clearly.

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#3 18-09-2010 5:30pm

Confuzzzed

Closed Accounts Posts: 5 ✭

Join Date: September 2010

Posts: 4

The definition of anIndependent Contrator and that of a Tied Agent are very different. This is where my confusion is...

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This discussion has been closed.