Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
The biggest difference between brokers and agents is that: In legal terms, the broker is the representative of the insured, not the insurer's agent represents the interests of the insured, their behavior as if the insured behavior.
Typically, the broker conditions for the broadest selection of policyholders to provide them with a comprehensive risk assessment programs and risk management plans, development of insurance programs, handling insurance procedures, for their claims agent.
Agent is under contract or power of attorney, to be agents of the insurer (insurance companies) to conduct insurance business on behalf of the insurer to obtain compensation, their behavior the rights and obligations arising from the person who has been the insurance agent.
