insurance broker

insurance broker
One who acts as a middleman between the insured and the insurer, and who solicits insurance from the public under no employment from any special company, but having secured an order, either places the insurance with a company selected by the insured, or in the absence of any selection by the latter, then with a company selected by himself. 29 Am J Rev ed Ins § 135. Whether an insurance broker represents the insurer or the insured is a question which cannot be answered categorically but which depends upon the circumstances of the particular case. Under certain circumstances and for certain purposes, an insurance broker may represent either the insured or the insurer or both. 29 Am J Rev ed Ins § 139.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Insurance broker — Broker Bro ker (br[=o] k[ e]r), n. [OE. brocour, from a word akin to broken, bruken, to use, enjoy, possess, digest, fr. AS. br[=u]can to use, enjoy; cf. Fries. broker, F. brocanteur. See {Brook}, v. t.] 1. One who transacts business for another; …   The Collaborative International Dictionary of English

  • Insurance broker — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

  • insurance broker — A company that arranges and negotiates insurance on behalf of clients. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Insurance broker — An insurance broker (agent) sources (brokes) contracts of insurance on behalf of their customers.Insurance brokerage in the UKThe term Insurance Broker became a regulated term under the Insurance Brokers (Registration) Act 1977 [ [http://www.biba …   Wikipedia

  • insurance broker — A broker, independent of any insurance company, who represents the interests of the buyer in searching for insurance coverage at the lowest cost and providing the highest benefit to the buyer. Bloomberg Financial Dictionary * * * insurance broker …   Financial and business terms

  • insurance broker — draudimo brokeris statusas Aprobuotas sritis draudimo tarpininkavimo veikla apibrėžtis Asmuo, vykdantis draudimo ir perdraudimo tarpininkavimo veiklą draudimo brokerių įmonėje. Draudimo brokeriu gali būti tik nepriekaištingos reputacijos fizinis… …   Lithuanian dictionary (lietuvių žodynas)

  • insurance broker's lien — Alien of an insurance broker or agent of the insured upon all policies in his hands procured by him for his principal, and also upon all moneys received by him upon such policies, for the payment of the amount due him for commissions,… …   Ballentine's law dictionary

  • insurance broker company — draudimo brokerių įmonė statusas Aprobuotas sritis draudimo tarpininkavimo veikla apibrėžtis Įmonė, teisės aktų nustatyta tvarka vykdanti draudimo tarpininkavimo, perdraudimo tarpininkavimo ir tarpininkavimo sudarant pensijų kaupimo (išskyrus… …   Lithuanian dictionary (lietuvių žodynas)

  • insurance broker — noun an agent who sells insurance • Syn: ↑insurance agent, ↑general agent, ↑underwriter • Derivationally related forms: ↑underwrite (for: ↑underwriter) • …   Useful english dictionary

  • insurance broker — in surance .broker also in surance .agent n someone who arranges and sells insurance as their job …   Dictionary of contemporary English

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”