Brokerage Department

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Brokerage Department

A department of an insurance company that sells policies to customers. The brokers within the department often work purely for commissions and do not collect salaries or wages. Some, though not all, brokerage departments have their own underwriters to facilitate the quick sale of policies.
References in periodicals archive ?
Bob will add great value in his new role as leader of the trust and brokerage departments as Orrstown Bank looks to continue the expansion of Orrstown Financial Advisors.
Art Morris, the bank's president and CEO, said his new 5,400-SF retail facility offers full banking services and access to the bank's trust and brokerage departments in Siloam Springs.
The Wealth Management Group effectively combines CapitalBank's existing trust and brokerage departments.