eHow launches Android app: Get the best of eHow on the go.
Regardless of the state of the economy, people still must insure their cars, homes, boats and other valuable items. Additionally, businesses must maintain coverages such as Workers Compensation, Disability and General Liability coverages in order to protect their assets and their employees. In order to meet the ever-growing insurance... more »
To engage in the business of buying and selling insurance on behalf of a commercial insurance company, you have to become a licensed commercial insurance agent. A person who is licensed to become a commercial lines agent is also licensed to do personal lines, thus the process is the same for licensure. Without a license, you are... more »
Though there are no hard-and-fast rules on what, if any, degree an agent should possess, many health insurance firms prefer that their employees have a bachelor's degree. This degree can put a candidate in favor with health insurance employers, especially if it is in an business- or sales-related field, such as accounting, business... more »
Insurance agents are licensed by the state. They must take courses on the legal and ethical aspects of selling insurance, then have to pass a state exam to be licensed in that state. They are usually divided into categories that include life, health and annuities and general insurance, which includes automobile and company insurance.... more »
If you're looking for a job, then you don't want to become an AAA insurance agent because that is a career. A career is different. When you have a career, you work long hours at first knowing that you are building a future, not just putting in hours. A career as an AAA insurance agent is rewarding but not that easy to attain. more »
Whether you work in human resources at a large corporation or own a small business, your...
One of the most important thing a person can have that tends to go overlooked is insurance. Be...
An AARP card is your ticket to many a perk and benefit, including affordable home, auto, medical...
A successful insurance agent must be an excellent salesperson with an outgoing personality. The agent must also possess superior mathematical... more »
No matter what type of business you have, you need business insurance. The type of business insurance that your company will need will depend on... more »
Anyone considering a career as an insurance agent or broker should be extremely cautious and take the time to evaluate the pros and cons of the... more »
Although a downturn in the economy can hit some job fields fairly hard, one of the jobs that is able to still stay in demand with not too many... more »
Company owners who have employees are required by law to carry workers comp insurance. However, while it is easy to determine when you need to buy... more »
HongKong and Shanghai Banking Corporation (HSBC) allows insurance agents to sell a variety of policies including disability, unemployment, life... more »
Whether it is building your own private home or a commercial building, finding a builder’s risk insurance agent is one of the first things you... more »
A State Farm Insurance agent may be the first place you go if you need insurance. With more than 100 different financial products and great name... more »
Just checking.
Agency is an area of commercial law dealing with a contractual or quasi-contractual tripartite, or non-contractual set of relationships when an agent is authorized to act on behalf of another (called the Principal) to create a legal relationship with a Third Party.Restatement of Agency (Second) § 1. Agency; Principal; Agent. "(1)Agency is the fiduciary relation which results from the manifestation of consent by one person to another that the other shall act on his behalf and subject to his control, and consent by the other so to act. (2)The one for whom action is to be taken is the principal. (3)The one who is to act is the agent." Succinctly, it may be referred to as the relationship between a principal and an agent whereby the principal, expressly or impliedly, authorizes the agent to work under his control and on his behalf. The agent is, thus, required to negotiate on behalf of the principal or bring him and third parties into contractual relationship. This branch of law separates and regulates the relationships between:
*Agents and Principals;
*Agents and the Third Parties with whom they deal on their Principals behalf; and
*Principals and the Third Parties when the Agents purport to deal on their behalf.
The common law principle in operation is usually represented in the Latin phrase, qui facit per alium, facit per se, i.e. the one who acts through another, acts in his or her own interests and it is a parallel concept to vicarious liability and strict liability in which one person is held liable in Criminal law or Tort for the acts or omissions of another.
The concepts
The reciprocal rights and liabilities between a principal and an agent reflect commercial and legal realities. A business owner often relies on an employee or another person to conduct a business. In the case of a corporation, since a corporation is a fictitious legal person, it can only act through human agents. The principal is bound by the contract read more at » http://en.wikipedia.org/wiki/Agency+(law)
Connect with people who share your interest by joining one of our Groups:
How to Get Fired Gracefully
How to Stop a Shopaholic
How to Drive Defensively During the Holidays
Info on Caribbean Vacations
Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy. en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
