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triron

(22,020 posts) Tue Mar 5, 2019, 04:45 PM Mar 2019

9

NY state regulators issue subpoena to Trump org. insurance broker.

Link to tweet

What is an insurance broker?

3 replies

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NY state regulators issue subpoena to Trump org. insurance broker. (Original Post) triron Mar 2019 OP

Gotcha! C_U_L8R Mar 2019 #1

An insurance broker is an agent who doesn't work for an insurance company. The Velveteen Ocelot Mar 2019 #2

Makes sense that a subpoena was issued. triron Mar 2019 #3

C_U_L8R

(45,020 posts)

1. Gotcha!

Reply to triron (Original post)

Tue Mar 5, 2019, 04:48 PM

Mar 2019

There are probably some huge discrepencies in his insurance valuations and actual tax filings.

The Velveteen Ocelot

(115,836 posts)

2. An insurance broker is an agent who doesn't work for an insurance company.

Reply to triron (Original post)

Tue Mar 5, 2019, 04:50 PM

Mar 2019

Typically they work for the client (customer) and not for an insurer - their job is to shop for the sort of policy the customer needs.

triron

(22,020 posts)

3. Makes sense that a subpoena was issued.

Reply to The Velveteen Ocelot (Reply #2)

Tue Mar 5, 2019, 04:52 PM

Mar 2019

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