Investor Glossary-insurance brokerInvestor Glossary-insurance brokerInvestor Glossary-insurance brokerInvestor Glossary-insurance brokerInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Insurance Broker

The HTML to link to this page
 

An insurance broker is a professional that helps consumers and businesses research and select the best insurance policies for life, health, property and automobile protection. An insurance broker works for an agency and represents more than one insurance company. When insurance is needed, an insurance broker will place policies on behalf of their clients with the companies that offer the best coverage and rates. Typically, an insurance broker maintains records, prepares reports, markets their services, and, in the event of a loss, an insurance broker will also help policyholders settle any claims. Today's insurance broker is extremely versatile offering other services such as retirement and estate planning. A formal education and specialized training is usually required to pursue a career as an insurance broker. An insurance broker is paid in one if four ways: commission only, salary only, salary plus commission or salary plus bonus.



Rate this insurance broker definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: ex-dividend, in escrow, 1031 exchange, inflation, 1035 exchange, wholly-owned subsidiary, minority interest, debt service coverage, balance sheet, cancelled check, required rate of return, covered put, option premium, stock market close, deferred tax, Zero Cost Collar, Key Rate Duration, ex-dividend date, average price per share, VIX, LIBOR, quality assurance, class C shares, FICO score, current ratio, implied volatility, stock split, 401a, reverse mortgage, limit order, command economy, real GDP, 144a, APR, annual return, dividends payable, open position, per diem, phantom income, margin rate, FTSE, labor relations, deferred revenue, EBITDA, risk management, retained earnings, liquidity ratio, diluted share, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use