Definition:
 

Insurance Broker

An individual who earns a commission from the sale and service of insurance policies.

Insurance Broker

A broker is an individual who earns a commission from the sale and service of insurance policies. Brokers are hired and work on the behalf of the customer and may sell insurance products from multiple insurance carriers, receiving their commission from the carrier they place the sale with. Some brokers specialize in specific lines of insurance while others may offer a variety.