MLchartDataset catalogue

Broker

Term · Insurance and risk management · MLC-T-INS-000619

An independent insurance professional who represents the insured in securing coverage from insurers. This individual assesses client needs, researches suitable policies, and negotiates terms and premiums on behalf of the client. Brokers are compensated by commission from the insurer or by fees from the client.

Table 1. Record
IdentifierMLC-T-INS-000619
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000619",
  "term": "Broker",
  "field": "Insurance and risk management",
  "definition": "An independent insurance professional who represents the insured in securing coverage from insurers. This individual assesses client needs, researches suitable policies, and negotiates terms and premiums on behalf of the client. Brokers are compensated by commission from the insurer or by fees from the client.",
  "url": "https://mlchart.com/terminology/insurance/broker/"
}

Record 382 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.