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A person who, for compensation and on behalf of another person, can transact insurance with, but not on behalf of an insurance company is considered a:
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A person who, for compensation and on behalf of another person, can transact insurance with, but not on behalf of an insurance company is considered a:

User Sagar V
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1 Answer

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Answer: Insurance broker

Explanation:

An insurance broker is an individual/organization that is hired by their client to help them buy the best insurance coverage available, from an insurance company.

The insurance broker also has the function of giving their clients insurance advice and also negotiating terms of insurance on behalf of their clients with the insurance company.

User Daniel Kng
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