The primary difference between an insurance agent and an insurance broker is:
A) their compensation scheme
B) the parties they each legally represent
C) the fringe benefits their employers provide
D) there is no practical or legal difference between them, other than their titles.

Question

Quizplus · Accepted Answer

The primary difference between an insurance agent and an insurance broker is the parties they each legally represent. An insurance agent legally represents the insurance company, while an insurance broker represents the client looking for insurance.

The Primary Difference Between an Insurance Agent and an Insurance