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INSURANCE AGENTS & BROKERS PROFESSIONAL LIABILITY APPLICATION 1.3001 Philadelphia Pike, Clayton, DE 19703 www.rockwoodbrokerage.comName of Applicant: DBA:Requested Effective Date:(If applicable, include
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Insurance agents and brokers are professionals who sell and negotiate insurance policies on behalf of individuals or businesses. Agents typically represent one or more insurance companies, while brokers work independently to find the best policy across multiple insurers.
Insurance agents and brokers who earn commissions or compensation from selling insurance policies are generally required to file relevant documentation, depending on the regulations of their state or country.
To fill out forms related to insurance agents and brokers, one must provide accurate information regarding their agency, personal details, and financial data as required by the application or report format.
The purpose of insurance agents and brokers is to facilitate the buying and selling of insurance products, helping clients find coverage that meets their needs while guiding them through the process.
Information that must be reported typically includes the agent's or broker's name, license number, the insurance products sold, client details, policy types, and commission structures.
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