Council Of Insurance Agents & Brokers

AAA

DEFINITION of 'Council Of Insurance Agents & Brokers'

A global organization representing the leading commercial insurance agencies and brokerage firms. Membership in this organization, which is also known as "the Council", comes with industry intelligence and continuing education opportunities. The Council of Insurance Agents and Brokers also produces a quarterly Commercial Insurance Market Index that tracks pricing trends, underwriting practices and availability of commercial property/casualty lines.

INVESTOPEDIA EXPLAINS 'Council Of Insurance Agents & Brokers'

The organization, founded in 1913 and headquartered in Washington, DC, also serves as an advocacy group to represent the interests of insurance companies before U.S. state and federal governments, as well as international governments. Its political action committee works to support candidates who agree with its views and also lobbies Congress on relevant issues.

RELATED TERMS
  1. Conditional Binding Receipt

    A receipt involved in life, health and certain property insurance ...
  2. American Council Of Life Insurance

    An association of American life insurance carriers based in Washington ...
  3. Canadian Council Of Insurance Regulators ...

    An association that was created to advocate for an effective ...
  4. Commercial Property/Casualty Market ...

    A survey of its members in the Council of Insurance Agents & ...
  5. Insurance Claim

    A formal request to an insurance company asking for a payment ...
  6. Insurance Underwriter

    A financial professional that evaluates the risks of insuring ...
Related Articles
  1. Insurance

    Understanding Your Insurance Contract

    Learn how to read one of the most important documents you own.
  2. Home & Auto

    The History Of Insurance

    The first written policy appeared in Hammurabi's Code. Find out how it evolved from there.
  3. Home & Auto

    How An Insurance Company Determines Your Premiums

    Find out how insurers use credit history to build an insurance score and how it could affect your bottom line.
  4. Home & Auto

    The History Of Insurance In America

    Insurance was a latecomer to the American landscape, largely due to the country's unknown risks.
  5. Active Trading Fundamentals

    Using Logic To Examine Risk

    Know your odds before you put your money on the table.
  6. Insurance

    What are some examples of unexpected exclusions in a home insurance policy?

    Learn about commonly excluded perils with different standard insurance policies. Explore events that homeowners should consider when purchasing insurance.
  7. What's a Multinational Corporation?
    Investing

    What's a Multinational Corporation?

    A multinational corporation is just that – a corporation that operates in multiple nations, with a home office that coordinates global management. Being a multinational corporation is a complicated ...
  8. What is globalization?
    Investing

    What is Globalization?

    As a business term, globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together.
  9. Insurance

    What are the tax implications of a life insurance policy loan?

    Learn the instances in which you are required to pay taxes on a life insurance policy loan, so you can avoid making a costly mistake.
  10. Insurance

    What's the difference between renter's insurance and homeowner's insurance?

    Renters insurance and homeowners insurance offer similar benefits for occupants and homeowners, but in different ways and for different reasons.

You May Also Like

Hot Definitions
  1. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  2. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  3. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  4. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  5. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  6. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
Trading Center