is a legal entity or individual, registered under the established procedure as an entrepreneur carrying out insurance agency business on its behalf on the basis of instructions from insured or insurer. A broker independently places insurance risks in any insurance company, receiving certain remuneration from insured. Sometimes an agent give advice to its clients (insureds) and concludes insurance agreements on their behalf. A broker must be an expert in law and insurance practice. It is recognized that as a professional, it should know everything about insurance and its knowledge should help to ensure the best insurance conditions and interest rates.