Glossary entry

English term or phrase:

appointed broker of record

Greek translation:

διορισμένος μεσίτης/πράκτορας ή χρηματομεσίτης

Added to glossary by Viole T.
Apr 6, 2012 06:42
12 yrs ago
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English term

appointed broker of record

English to Greek Law/Patents Law (general)
Underwriters hereon note and agree that with effect from DD/MM/YY, the XXX company are hereon appointed broker of record in respect of this policy.

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διορισμένος μεσίτης/πράκτορας ή χρηματομεσίτης

Definition of 'Broker Of Record'
In insurance, a broker of record is an agent designated by the policy holder to represent and manage the policyholder's insurance policy. The broker of record may receive copies of all communications to the policy holder and may receive all quotes, policies and notices on behalf of the policy holder. They may also obtain and evaluate insurance quotes and policies and recommend changes to existing policies.

Investopedia explains 'Broker Of Record'
A broker of record can serve an individual or may assist a company, for example with handling the health insurance policies of its employees. In return, the broker of record may earn a monthly commission from the health insurance company. A broker of record letter is used to legally establish the relationship between the broker, policyholder and insurance company. Such a letter can be used to designate a broker of record for the first time or to replace an existing broker of record with a new one.


Read more: http://www.investopedia.com/terms/b/broker-of-record.asp#ixz...

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Note added at 28 mins (2012-04-06 07:11:04 GMT)
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Επίσης, σύμφωνα με το λεξικό του Χρυσοβιτσιώτη: πράκτορας που μεσολαβεί για το κλείσιμο αγοραπωλησιών μεταξύ δύο ή περισσότερων ενδιαφερομένων. Δεν έχει διαρκή και κατοχυρωμένη σχέση με αυτόν που για λογαριασμό του ενεργεί (όπως είναι π.χ.,ο αντιπρόσωπος) αλλά χειρίζεται κάθε περίπτωση μόνος του και με δική του ευθύνη.
Peer comment(s):

agree Eleftheria P
34 mins
Ευχαριστώ πολύ, Καλημέρα!
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