Licensed Agent

From Open Risk Manual

Definition

Licensed Agent. Any individual who is licensed to perform a legally binding function, and who has been legally empowered to act on behalf of another party


Example

Insurance agents, realtors, financial advisors, certain attorneys, and brokers are examples of legal agents.

See Also

  • 17 CFR 45.1, Definitions - see the definition of agent
  • Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.