General agents are insurance agents who sell insurance products to other insurance agents or brokers. The other insurance agents and brokers then sell these products to the people or companies who will be using the insurance. In this way, general agents act as insurance wholesalers as opposed to insurance retailers.

What is an example of a general agent?

2 – General agent – A property manager is an excellent example of a general agent. A general agent represents the principal in a range of activities or a particular business. A general power of attorney can create this type of agency. ... A power of attorney is always necessary to create this type of agency.

What is considered a general agent?

1 : one employed to transact generally all legal business entrusted by a principal. 2 : an insurance company agent working within a specified area.