Alberta General Insurance Level 1 Practice Exam

Brokers have the unique ability to sell policies from multiple insurers, a significant distinction from insurance agents. This flexibility allows brokers to act as intermediaries, comparing different policies and prices from various companies to find the best coverage options for their clients' needs. Since they represent the client and not a specific insurer, brokers can tailor their services, ensuring that the client receives the most suitable insurance products available in the market.

Insurance agents, in contrast, typically work for one insurance company or a limited group of insurers, which restricts their ability to offer a wide array of options. This limitation makes it challenging for agents to provide comprehensive analyses of coverage and pricing, as they can only sell policies from the insurer they represent. Therefore, the capacity to provide a broader selection of products from multiple sources is a significant advantage of brokers in the insurance market.