By extension, an argument can contain a formal fallacy even if the argument is not a deductive one: for instance, an inductive argument that incorrectly applies principles of probability or causality can be said to commit a formal fallacy.
special agent. Someone employed to represent another personâthe principalâin a clearly defined and limited activity.A real estate broker hired to sell a property is a special agent.
DEFINITION of 'Captive Agent'. An insurance agent who only works for one insurance company. A captive agent is paid by that one company either with a combination of salary and commissions or with just commissions. He or she may be a full-time employee or an independent contractor, and may be provided with office space and benefits by the employer. Captive agents have in-depth knowledge of their particular company's insurance products, but cannot help a client who does not need or does not qualify for that company's products.