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LSDefine

Simple English definitions for legal terms

insurance broker

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A quick definition of insurance broker:

An insurance broker is a person who helps others find and negotiate insurance contracts. They act as a middleman between the person who needs insurance and the insurance company. The broker gets paid for their services, but they do not work for the insurance company. Instead, they work for the person who needs insurance. The broker helps the person find the best insurance policy for their needs and budget.

A more thorough explanation:

An insurance broker is a person who helps individuals or businesses find and purchase insurance policies. They act as intermediaries between the insured and the insurer, negotiating contracts of insurance as an agent for someone else. Insurance brokers are compensated through commissions paid by the insurers.

For example, if a small business owner needs to purchase liability insurance, they may contact an insurance broker who specializes in commercial insurance. The broker will gather information about the business and its risks, and then search for policies that meet the business owner's needs and budget. The broker will present the options to the business owner and help them choose the best policy.

Another example is a person who needs to purchase health insurance. They may contact an insurance broker who specializes in health insurance. The broker will gather information about the person's health needs and budget, and then search for policies that meet their needs. The broker will present the options to the person and help them choose the best policy.

Overall, insurance brokers provide a valuable service by helping individuals and businesses navigate the complex world of insurance and find policies that meet their needs.

insurance agent | insurance certificate

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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