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Insurance Agent or Broker

Professionals or entities that arrange or sell insurance products. They gather customer information, handle policy documentation, and facilitate the application, premium payment, and claims processes on behalf of insurance companies or clients seeking coverage.

[
Code
AT0042
]
[
Name
Insurance Agent or Broker
]
[
Version
1.0
]
[
Category
Professional Services & Advisors
]
[
Created
2025-03-12
]
[
Modified
2025-04-02
]

Related Techniques

T0087
|
Insurance Annuities
|

Insurance agents or brokers facilitate annuity setup and management. They may:

  • Advise on structures allowing large, lump-sum deposits or frequent partial withdrawals.
  • Overlook red flags in premium funding sources or beneficiary designations.
  • Operate in secrecy-friendly jurisdictions, knowingly or unknowingly aiding criminals in obscuring beneficial ownership.