tied agent
noun[C]
FINANCE,INSURANCEukussomeone who ispaidby afinancialorganizationtoselland giveadviceonly onitsinvestmentproducts, not on those ofitscompetitors
Compare
independent financial adviser
Examplesoftied agent
tied agent
Atiedagent, working exclusively with one insurer, represents the insurance company from whom the policyholder buys (while a free agent sales policies of various insurance companies).
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It means that the purchaser will know how much he is paying for independent advice, but not how much thetiedagentis receiving.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
But thetiedagentworking for an insurance company owes his first duty to the insurer and not to the purchaser of the policy.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
In other words, the society can act either as an independent broker or as atiedagentfor a company.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
For example, let us take as an example an insurance company to which the building society is atiedagent.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Many society customers will be looking to the society for advice on their insurance needs, whether the society is an independent intermediary or atiedagent.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
They usually operate as tied agents and sell exclusively the products manufactured by the banks in-house insurance company or its third-party provider(s).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- misguided
- misguided attempt
- misguidedly
- misguided policy
- mishandle
- mishandled
- mishandling
- mishap
- mishear
- mishit
- mishmash
- misidentification
- misidentify
- misinform
- misinformation
- misinformed
- misinforming
- misinterpret
- misinterpretation
- misinterpreted
- misinterpreting
- misjudge
- misjudged
- misjudging
- misjudgment