scott works in property and liability insurance marketing. he legally represents insurance purchasers, rather than insurance companies. scott is paid a commission on the insurance placed with insurers. scott is a(n)

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19-12-2022
Business

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scott works in property and liability insurance marketing. he legally represents insurance purchasers, rather than insurance companies. scott is paid a commission on the insurance placed with insurers. scott is a(n)

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jaiswaljyoti jaiswaljyoti · Answer 1 · 2022-12-22T02:24:44-05:00

Scott is an insurance marketer for property and liability. Rather than insurance companies, he is the insurance broker representative. Scott receives a commission on any insurance policies he places with insurers. Scott is a broker in insurance.

An insurance agent and a broker are two different types of insurance professionals.

You can obtain assistance in purchasing an insurance policy from both insurance brokers and agents. On the other hand, insurance agents work for and promote the one insurance company that hires them.

Brokers that specialize in the financial sector can assist customers in comparing products from several suppliers and act as their representative.

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