What does Broker/Dealer mean? Read on to discover the definition & meaning of the term Broker/Dealer - to help you better understand the language used in insurance policies.
A broker/dealer is a company that both brings insurance buyers and sellers together and also works with insurance companies to manage securities. These securities are bought with money that comes in from premiums from policyholders. Essentially, broker/dealers are involved with two valuable services in the insurance world.
We hope the you have a better understanding of the meaning of Broker/Dealer.