definition
strict definition
insurance branch
A retail office where insurer representatives or independent brokers sell, renew, and service insurance policies.
An insurance branch is a retail office where representatives of an insurance company or independent insurance brokers sell and renew insurance policies and services, and provide care for existing insurance customers.
The office can represent an insurance company directly or be operated by independent brokers. Direct ownership by an insurer is not required.
Serving existing customers is included alongside selling new policies. The location can therefore qualify through ongoing policy support as well as initial sales.
