What document typically provides details of an agent's agency agreement?

The agency contract is the document that typically provides detailed information about an agent's agency agreement. This contract outlines the relationship between the insurance agent and the insurance company, including the rights and responsibilities of each party. It delineates terms such as the scope of the agent's authority, compensation structures, and any obligations the agent has to the insurer, as well as the expectations for compliance with regulatory requirements.

In the context of the other options, a policy summary usually provides an overview of the insurance policy itself, including coverage details and premiums but does not address the specifics of the agency relationship. An agent's license serves as proof of the agent's qualification to operate, but does not detail the terms of their agreement with the insurance company. Similarly, an insurance application is a form submitted by a potential insured to request coverage but does not contain information about the agency's internal workings or the agent's agreement with the insurer.