California Assembly Considering Insurance Agent-Broker Bill
West News • March 31, 2008
A bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent in California is scheduled come before the state Assembly Insurance Committee ...
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Subject: Agent or Broker: No Real Difference
Posted On: March 31, 2008, 4:49 pm CDT
Posted By: The Non-Joker
Comment:
To the public and in reality there is no distinction between the term agent and broker. It is a technical difference at best that serves no real purpose.
The agent and broker operate in like manner to solicit, market and deliver the insurance product to the client. Both parties work equally hard in representing the interests of their client.
All would best be served if the legal distinction between agent and broker were eliminated and made synonymous as it is in practice anyway. The distinction is only preserved in that a broker is permitted greater leaway to bill fees to the client.
Let's get the Joker out of the room and get serious. Agent or broker should each have the same objective and requirement to ethically and professionaly serve the best interests of their clients and being able to charge for their services in a free and competitive market subject to full disclosure to the client of commissions received and additional fees billed.
West News 
Subject: Agent or Broker: No Real Difference
The agent and broker operate in like manner to solicit, market and deliver the insurance product to the client. Both parties work equally hard in representing the interests of their client.
All would best be served if the legal distinction between agent and broker were eliminated and made synonymous as it is in practice anyway. The distinction is only preserved in that a broker is permitted greater leaway to bill fees to the client.
Let's get the Joker out of the room and get serious. Agent or broker should each have the same objective and requirement to ethically and professionaly serve the best interests of their clients and being able to charge for their services in a free and competitive market subject to full disclosure to the client of commissions received and additional fees billed.