What is the difference between an insurance agent and a broker?

The difference between an insurance agent and a broker in Texas is that an insurance agent is an individual or organization that acts on behalf of an insurance company, selling and servicing insurance policies to individuals. Insurance agents are responsible for the sale of all types of insurance policies, including health, property, and life insurance. In contrast, an insurance broker is an individual or organization that acts as an intermediary between insurance companies and consumers. Insurance brokers are responsible for researching, assessing, and recommending insurance policies for their clients. They are also responsible for helping their clients to compare quotes from different insurance companies and choose the most suitable policy for them. Additionally, while insurance agents are employed by insurance companies, insurance brokers are typically not employed by insurance companies, but instead act as independent contractors.

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What is the difference between an insurance agent and a broker?

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