Broker of record letter,
defined.
A broker of record (BOR) letter is a signed document in which a client names a new agency or broker as the authorized representative for a specific policy or account. It transfers servicing rights to the named broker, usually without changing the carrier or coverage, and takes effect after a short notice period.
How a BOR letter works
A BOR letter lets a client move servicing to a new agency without rewriting the policy. The carrier recognizes the new broker as the contact for the account.
It is common in commercial lines, and it differs from rewriting coverage, which places the policy with a new carrier.
Common questions
Does a broker of record letter change my insurance coverage?
No. A broker of record letter transfers who services and represents the account, usually without changing the carrier or the coverage itself. Changing coverage requires an endorsement or rewriting the policy.
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