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GENERAL INSURANCE
| Term | Definition |
|---|---|
| INSURERS | insurance companies or carriers who manufacture and sell coverage by policies or contracts |
| INSURANCE AGENCIES | independent organizations that recruit, contract with, and support sales agents and producers |
| INSURANCE AGENTS | licensed individuals representing an insurance company when transacting insurance |
| INSURED | person or entity that buys insurance for protection from loss of life, health, property, or liability |
| NAIC (NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS) |