Definitions for "Captive Agent"
An insurance agent who markets and sells insurance policies for a specific insurance company. (See also, Exclusive Agent.)
An insurance agent working exclusively for a single company, as opposed to an independent agent.
A captive agent sells policies for only one company. Captive agents have an agreement with their company that they will not submit business to any other company unless it is first rejected by their primary company. (similar to Exclusive Agent)