Difference between Insurance Broker and Insurance Agent

CS Snehal (Compliance Manager) (346 Points)

06 October 2010

Dear All,

Please let me know the diiference between an Insurance Agent and an Insurance Broker.

Also, can a company do insuarance business for 2 Insurance Companies.

Pl reply its urgent.

Reply
Follow
Share

2 Replies

Ajay Mishra (Company Secretary) (74332 Points)
Replied 06 October 2010

Please make insure that your company 's capital and object clause give permission for doing such business.

Regards

CS Snehal (Compliance Manager) (346 Points)
Replied 06 October 2010

The other objects of the company mentions .... Co can act as an insurance agent or broker

But my question is what is the diff in these 2 and also can a co do insurance bus for more than one co.

Also to start other objects the Co has to go to GM and then only they can start the business.

Pl reply.

Start a New Discussion

view all classess

Forum Home