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Definition of 'Broker Of Record'
In insurance, a broker of record is an agent designated by the policy holder to represent and manage the policyholder's insurance policy. The broker of record may receive copies of all communications to the policy holder and may receive all quotes, policies and notices on behalf of the policy holder. They may also obtain and evaluate insurance quotes and policies and recommend changes to existing policies.
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Investopedia explains 'Broker Of Record'
A broker of record can serve an individual or may assist a company, for example with handling the health insurance policies of its employees. In return, the broker of record may earn a monthly commission from the health insurance company. A broker of record letter is used to legally establish the relationship between the broker, policyholder and insurance company. Such a letter can be used to designate a broker of record for the first time or to replace an existing broker of record with a new one.
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Search results for 'Broker Of Record'
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http://www.investopedia.com/exam-guide/series-7/securities-transactions/record-keeping.asp
... A securities record or ledger reflecting positions carried on the broker-dealer's
own account as well as those on its clients' accounts. ...
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http://www.investopedia.com/articles/financialcareers/07/broker_insurance.asp
... contrasts sharply with a typical brokerage transaction in which as soon as a client
pays for a purchased stock, a commission is paid to the broker of record. ...
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http://www.investopedia.com/articles/07/arbitration.asp
... at the record of a random New Jersey-based firm, Looking back over the last five
years, two cases alleging unsuitability were brought against the broker-dealer ...
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http://www.investopedia.com/ask/answers/06/personalinfoandbrokers.asp
... Securities and Exchange Commission (SEC), there are three main reasons why a broker
will ask for personal information: suitability, record-keeping requirements ...
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http://www.investopedia.com/ask/answers/03/060403.asp
... Although a broker's poor track record may not automatically mean poor service, there
is always the possibility that he or she will repeat the same actions, so ...
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http://www.investopedia.com/articles/forex/11/why-you-need-a-forex-trading-journal.asp
... In fact, one could argue that the broker's record also keeps track of available
buying power, margin usage and profit and losses for each trade made. ...
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http://www.investopedia.com/slide-show/successful-forex-tricks/choosing-right-broker.aspx
... A good broker with a poor platform, or a good platform with a poor broker, can be
a problem. Make sure you get the best of both. ... 9. Keep A Printed Record. ...
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http://www.investopedia.com/exam-guide/series-63/registration-of-persons/investment-adviser-ongoing-requirements.asp
... entry was made on record, the first two years in the principal office of the investment
adviser.". The SEC's specific requirements for a broker-dealer's minimum ...
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http://www.investopedia.com/ask/answers/06/exdividenddatechange.asp
... To learn more, see Declaration, Ex-dividend And Record Date Defined, The Importance
Of Dividends and The Power ... Our broker switched firms in the middle of 2011. ...
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http://www.investopedia.com/university/forex-broker-guide/forex-broker-guide3.asp
... stated on the brokers website or in its promotional material. Brokers may offer
withdrawals via direct deposit to the bank account on record, by check ...
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