The intermediary agent primarily represents which party?

The intermediary agent primarily represents the insurance company in the context of property insurance. This role includes acting on behalf of the insurer to facilitate the sale of insurance products, ensuring that the policies issued align with the company's underwriting guidelines and regulatory requirements. The agent's responsibilities often include assessing risks, providing information about coverage options to prospective policyholders, and collecting premiums.

The focus of the intermediary agent is to serve the interests of the insurance company, ensuring that it maintains profitability and manages risk effectively. While the agent may interact with applicants for insurance and provide valuable advice, their primary allegiance is to the insurer, making it essential for them to prioritize the company's interests throughout the insurance transaction process.