What Does Negotiate Mean In Insurance?

Negotiate means the act of conferring directly with, or offering advice directly to, a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms, or conditions of the contract.

Other Kentucky Insurance FAQs

Q: What Is The Kentucky Definition Of An Insurance Agent?
A: An "agent" is an individual, firm or corporation appointed by an insurer to solicit applications for insurance or annuity contracts or to negotiate insurance or … More
Q: What Is Considered A Business Entity?
A: A Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, employer group, professional employer … More
Q: What Is Considered A Home State?
A: A Home State means the District of Columbia and any state or territory of the United States in which a licensee maintains his or her principal place of residence or … More
Q: What Is A General Lines Agent?
A: A General Lines Agent is an agent who transacts any one or more of the following kinds of insurance: Property insurance; Casualty insurance; Surety insurance; Marine … More
Q: What Is Limited Line Credit Insurance?
A: Limited line credit insurance includes credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage … More
Q: What Is A Limited Line Credit Insurance Agent?
A: Limited line credit insurance agent means an individual or business entity who sells, solicits, or negotiates one or more forms of limited line credit insurance … More
Q: What Does Sell Mean In Insurance?
A: Sell means to exchange a contract of insurance by any means, for money or other valuable consideration, on behalf of an insurer. More
Q: What Does Solicit Mean In Insurance?
A: Solicit means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company. More
Q: What Does Terminate Mean In Insurance?
A: Terminate means the cancellation of the relationship between an agent and the insurer or the termination of an agent's authority to transact insurance. More
Q: What Is The Uniform Business Entity Application?
A: Uniform business entity application means the current version of the National Association of Insurance Commissioners Uniform Business Entity Application for resident … More