Thanks for the clarification on these terms, it is of great help and at the same time now I have more questions
I signed up with a small independent agent some time ago, barely started working in life ins. again so now what I'm wondering is this:
How exactly do I find out how they are set up with the carriers?
My only experience with something similar before was with a local broker years ago. We were appointed directly with the carriers so I thought that's how it worked in general before joining this forum.
Thought that I was appointed with them and they would get me signed up with the carriers. But now I'm confused knowing that there is a chance that they themselves are signed up with another Agency.
I will try to find the paperwork I signed with them.