What does Broker of Record mean? Read on to discover the definition & meaning of the term Broker of Record - to help you better understand the language used in insurance policies.
Broker of Record
A broker of record is an insurance agent a policyholder designates to represent, oversee, and manage their insurance policy. This individual deals with the insurance provider on the client's behalf and may receive all communications, notices, and quotes for the client. In addition, they may suggest adjustments to existing policies.
We hope the you have a better understanding of the meaning of Broker of Record.