What is it called when the majority of insurance written is for family members?

The correct term for when the majority of insurance written is for family members is "controlled business." Controlled business refers to a situation where an insurance agent or broker primarily writes insurance policies for themselves or their relatives. This situation can lead to potential conflicts of interest and is often regulated by insurance laws to prevent unethical practices.

In many jurisdictions, including Florida, there are limits on the percentage of business that an agent can write for family members to ensure that insurance agents are serving a broader public interest rather than just their personal networks. This helps maintain the integrity of the insurance market and ensures that all consumers have access to fair insurance options.

Understanding this term is crucial for insurance professionals as they navigate both ethical standards and legal requirements in their practice.