Broker of Record


Also found in: Acronyms.

Broker of Record

An insurance agent who manages a policy for a client. The agent of record gives all quotes to and receives questions from the client. He/she receives a commission or other compensation for these services.
References in periodicals archive ?
Their pitch to their prospects is, "We'll give you our solution for free, and all you have to do is make us the broker of record.
Michael Glass, first vice president and division manager, is Marcus & Millichaps broker of record in Ohio.
The Preserve is in an ideal location for empty nesters," said Michelle Melillo, broker of record for Pinnacle Companies Reality Group, exclusive broker for The Preserve.
Steven Chaben, senior vice president and division manager, is Marcus & Millichaps broker of record in Michigan.
Parker, senior vice president, district manager and Marcus & Millichap's broker of record in New Jersey, facilitated the completion of the transaction.
SCOPE OF SERVICES: ESUHSD is seeking to name a Broker of Record for employee insurance benefits and is looking for continuity of services in the rapidly changing area of employee benefits.
Parker, senior vice president and district manager, engaged the transaction as Marcus & Millichap's broker of record in New York State.
Tenders are invited for qualified employee benefits brokerage/consulting firms (hereafter, the proposer) to serve as the county s broker of record with regard to providing group insurance and other employee benefits, evaluating the existing employee benefit plans, including health, dental, vision, life, and prescription drug benefits and recommending the most cost-effective method of providing those group benefits including reference-based pricing, feasibility of full versus self-funding for health insurance and prescription drugs, and other cost-containment strategies.