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GLOSSARY

 GLOSSARY TERMS by Alpha
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Impaired property
Improvements and betterments
In force
Incontestable clause
Increasing term insurance
Incurred losses
Indemnity
Independent adjuster
Independent agent
Independent Insurance Agents of America (IIAA)
Individual policy pension trust
Insurability
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Insurance agent
Insurance broker
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Insurance company dividend
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Insurance to value
Insured
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Interest assumption
Irrevocable beneficiary
Issue date

Insurance broker

An independent agent who represents the buyer, rather than the insurance company, and tries to find the buyer the best policy by comparison shopping.

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