The right of an insurer to change the premium rate on classes of insureds, or blocks of business at the time of policy renewal.
The right of an insurer to change the premium rate on classes of insureds, or blocks of business at the time of policy renewal.
An independent person or firm who acts on behalf of the Insured in placing business with the Insurance Company. Responsible for the collection of premiums but having no authority to give coverage on the Insurance Company’s behalf without their specific agreement. Compensation is on a commission or fee basis.


