Brokerage Department

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Dictionary Says

Definition of 'Brokerage Department'

A department within an insurance company whose agents specialized in obtaining insurance for difficult-to-insure customers through alternate insurance markets or by obtaining insurance at a more favorable rate than such a customer could find on his or her own. Examples include a smoker who wants to buy life insurance, someone who has had heart surgery and wants to purchase an individual health insurance policy and other high-risk or unusual situations.
Investopedia Says

Investopedia explains 'Brokerage Department'

Whereas customers who can easily meet insurers' underwriting criteria may obtain insurance directly from an insurance company without the assistance of an agent, for high-risk customers an agent in the brokerage department will analyze the client's needs, research and review the available insurance options, make recommendations and secure the policy for the client.

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'Brokerage Department'

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    http://www.investopedia.com/professionals/FAQs/general/210105.asp
    ... I want to start my own brokerage company, how do I become a member of ... submitted on
    time, the prospective member is then interviewed by its Department of Member ...

  • Get A Job In Compliance

    http://www.investopedia.com/articles/financialcareers/07/compliance-job.asp
    ... Careers, Economics. The compliance department of a brokerage firm works to ensure
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  • Banker Or Broker: Which Career Is Right For You?

    http://www.investopedia.com/articles/financialcareers/11/banker-or-broker.asp
    ... without consultation if the client has a discretionary account, soliciting new business
    and consulting with the research department of his brokerage firm to ...

  • The Perks Of Dividend Reinvestment Plans

    http://www.investopedia.com/articles/02/011602.asp
    ... share of the company (to start a DRIP account) directly from this department as
    opposed ... A third alternative for investors is a DRIP set up through a brokerage. ...

  • Can you short sell stocks that are trading below $5? My broker ...

    http://www.investopedia.com/ask/answers/03/110703.asp
    ... to short sell a security that isn't on this list, your broker will have to call
    into the securities lending department to see if the brokerage has enough of ...

  • Uncovering The Securities Firm

    http://www.investopedia.com/articles/basics/04/061104.asp
    ... Administration The administration department is a vital component of the firm's
    organization. ... (To learn more read Brokerage Functions: Underwriting And Agency ...

  • Fatten Up Your Take-Home Pay In 4 Easy Steps

    http://www.investopedia.com/articles/financialcareers/09/increase-take-home.asp
    ... Therefore, employees at brokerage firms and investment banks should always consider ...
    move and discuss their options with the firm's human resources department. ...

  • Picking Your First Broker

    http://www.investopedia.com/articles/younginvestors/06/firstbroker.asp
    ... customer service department. In fact, many discount brokers provide the option to
    solicit a broker for advice on a trade with your existing brokerage account. ...

  • Investigating The Securities Police

    http://www.investopedia.com/articles/professionaleducation/07/nasd.asp
    ... Emerging Issues: This department focuses on regulatory policy and programs ... the most
    part, the regulators do a good job of policing the brokerage community, but ...

  • 7 Outstanding Female Investors

    http://www.investopedia.com/articles/basics/12/Top-Female-Investors.asp
    ... In 1975 she transformed her company into a discount brokerage - a new concept ... She
    worked as New York State Banking Department Superintendent from 1977 to 1982 ...

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