insurance broker definition

insurance broker means an insurance brokerage firm,

insurance broker means a person who, by acting as the customer’s rep- resentative, arranges and/or services covered products on behalf of the cus- tomer.

insurance broker means an individual licensed by the department to represent citizens of this State in placing their insurance. An insurance broker may place that insurance either with an eligible surplus lines insurer or with a licensed insurance producer in an insurance carrier licensed in this State.

Examples of insurance broker in a sentence

• Notary Public Certification By Insurance Broker The undersigned insurance broker represents to the STATE OF NEW YORK, the STATE UNIVERSITY OF NEW YORK and the STATE UNIVERSITY OF NEW YORK AT STONY BROOK that : The attached Certificate of Insurance, dated concerning insurance policy(s) number is accurate in all material respects and that the described insurance is effective as of the date of this certification and represents the coverage as requested by the contract.

• Customer Money The Insurance Broker is Our agent for the purpose of collecting payment only.

• If the Insurance Broker was not to pass on Your money, or was to go into liquidation, or fraudulently retain the money, then the loss would be to London General Insurance Company Limited.

• Therefore, any premium paid by You to the Insurance Broker is deemed to have been paid to London General Insurance Company on receipt by the Insurance Broker.

• PRODUCER Your Insurance Broker PO Box 504 Anywhere, USA 56789 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.

More Definitions of insurance broker

insurance broker means a person who on behalf of any other person negotiates long-term insurance business other than reinsurance business with one or more insurers, but does not include an insurance agent or an employee of an insurer unless the remuneration of that employee comprises commission;

insurance broker or "agent" means a person who is currently licensed as a disability insurance broker or agent, according to the laws administered by the office of the insur- ance commissioner under chapter 48.17 RCW.

insurance broker means a person who arranges or places insurance business with insurers on behalf of prospective or existing policy-holders;

insurance broker as defined in Regulation 2(1)(k) of Insurance Regulatory and Development Authority (Insurance Company) Regulations, 2013.

insurance broker means a licensed insurance broker appointed by You to act on Your behalf.

insurance broker means any individual, partnership, limited liability partnership,

insurance broker means a person, not being an insurance agent, who acting as an independent contractor for a commission or remuneration—