Subbroker

{
  "id": "MLC-T-INS-003214",
  "term": "Subbroker",
  "field": "Insurance and risk management",
  "definition": "An individual or entity that acts as an intermediary between a client and a primary insurance broker, rather than directly with an insurer. They operate under the authority of the main broker, assisting in placing insurance business and servicing client accounts. Subbrokers do not hold direct appointments with insurance companies.",
  "url": "https://mlchart.com/terminology/insurance/subbroker/"
}