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

• If authorised, any return premium will be provided on a "pro rata" basis, after deduction of the full amount of Commission which would be received, had the policy not been cancelled, as the majority of work undertaken, and costs incurred, by Xxxx & Xxxxxxx and our Insurance Broker, relating to the Insurance policy, will have been completed, and incurred, prior to any mid-term cancellation.

• All such Certificates of Insurance shall be accompanied by either a duly executed “Certification by Insurance Broker or Agent” in the form required by the Commissioner, attached hereto as Exhibit E or as otherwise required by the Commissioner, or certified copies of all policies referenced in such Certificate of Insurance.

• All definitions mentioned in the IRDAI Guidelines, IRDAI Insurance (Broker) Regulations, 2018 and guidelines related to POSPs for Insurers (Life, Non-Life .) updated from time to time and regulations for Insurance Brokers and POSP shall apply mutatis mutandis to the terms of this Agreement.

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—