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An insurance broker is often an independent intermediary whose job it is to work on your behalf to find the best insurance policy from a range of insurers ( underwriters ).
Some intermediaries trade under titles such as 'agent' or 'consultant'. Where this is the case, they might only represent between a handful of insurance companies. Whoever you buy from is obliged to tell you what sort of intermediary they are.
See also: BIBA
Last Updated: November 2007 © Moneyextra.com
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