What does it mean to be broker of record?
A broker of record is an agent who is responsible for managing and representing a policyholder's insurance policy, often receiving a monthly commission from an insurance company for working as such. Communication and acting as a liaison for the policyholder are two aspects of this job.
What is the difference between agent of record and broker of record?
A BOR is a broker of record notice and an AOR is an agent of record. A Broker of Record is an agent designated by the policy holder to represent and manage the policyholders insurance policy.
What is a broker dealer of record?
Sample 2. Broker Dealer of Record with respect to any Note is the Broker-Dealer which placed the Order for such Note or whom the Existing Owner of such Note has designated as its Broker-Dealer with respect to such Note, in each case as reflected in the records of the Auction Agent.
What does a broker do?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.