Organizational form of insurance broker

1. Insurance agent An insurance agent refers to a person who handles insurance business on behalf of the insurer within the scope authorized by the insurer and collects agency fees from the insurer. Generally it can be a legal person or a natural person. At present, among the intermediaries in China's insurance market, insurance agents include professional agents, part-time agents and individual agents.

(1) Professional insurance agents refer to all kinds of insurance agencies specializing in insurance agency business. According to China's Regulations on the Administration of Insurance Agencies, insurance agencies can be established in the form of partnership, limited liability company or joint stock limited company. The business scope that an insurance agency can operate is to sell insurance products as an agent; The agent collects the insurance premium; According to the insurance company's entrustment, act as an agent to investigate the losses of related businesses. In actual implementation, you can represent all the above businesses, or you can only represent one aspect of the business. When an insurance professional agency engages in insurance agency business within the scope authorized by the insurer, the insurer shall bear the legal liabilities arising from its agency behavior.

(II) Part-time insurance agents A part-time insurance agent refers to a unit entrusted by an insurer to engage in self-operated business and designate a special person to handle insurance business for the insurer. There are three main forms of part-time insurance agents in China: agents of business handling units, agents of competent departments or enterprises, and agents of financial departments.

(III) Personal insurance agent An insurance personal agent refers to an individual who accepts the entrustment of an insurer, collects agency fees from the insurer and handles insurance business on his behalf within the scope authorized by the insurer. The business scope of an individual agent is limited to selling insurance policies and collecting insurance premiums, but it is not allowed to handle enterprise property insurance and group life insurance. In addition, an individual agent can only be an insurer and engage in insurance agency business, and must be full-time. No individual may engage in insurance agency business part-time.

2. Insurance brokers Insurance brokers provide intermediaries for the insured to conclude insurance contracts with insurers based on the interests of the insured.

Service, and collect commission according to law. According to different customers, insurance brokers can be divided into insurance brokers (especially brokers in the original insurance market) and reinsurance brokers. Insurance brokers generally have two forms of organization: partnership and insurance brokerage company. Most countries allow individual insurance brokers to engage in insurance brokerage activities. China's "Insurance Law" and "Regulations on the Administration of Insurance Brokers" only recognize insurance brokers in the form of legal persons. Insurance brokerage company is recognized by all countries, and it is also the only form recognized by the Regulations on the Administration of Insurance Brokerage Companies in China. According to the provisions of relevant national laws and regulations, insurance brokers charge commissions in the following ways:

(1) accepts the entrustment of customers and provides them with a series of insurance brokerage services, including handling insurance procedures. In this case, the insurance company pays the commission to the insurance broker according to the relevant national regulations (international practice: about 15%-25% premium), and the customer does not need to pay the remuneration to the insurance broker.

(2) The customer is not insured, or has not been insured by an insurance broker, and only entrusts an insurance broker to provide risk assessment, risk management, disaster prevention and loss prevention consulting services, or entrusts an insurance broker to claim for compensation on his behalf. In this case, the customer shall pay the consulting fee or commission to the insurance broker as agreed by both parties.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.