Definition of "Brokerage department"

Isabel Arango real estate agent

Written by

Isabel Arangoelite badge icon

MC Homes Realty, Inc

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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