insurance broker's lien

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, disbursements, advances, and services in and about the negotiation of that particular insurance and all past insurance, but not for the balance of a general account embracing items wholly disconnected with the business of placing insurance. 29 Am J Rev ed Ins § 175.

Ballentine's law dictionary. . 1998.

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