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Brokerage Department

Definition of "Brokerage department"

Beth Raines
  Raines Realty

Section of an insurance company that sells through brokers. Some brokerage departments are self-contained in that they have their own underwriting and marketing staffs. Brokerage departments have come into their own in recent times as even captive agent insurance companies have sought additional distribution channels that may be less expensive than the captive agent field force.

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