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An Agent of Record (AOR) is generally the same thing as a Broker of Record (BOR). These letters or forms determine who represents your business to an insurance company.
Depending on the agent, you likely have 5-10 days after signing the letter to rescind (cancel) it. To do that, you will sign a rescinding broker of record letter, which will essentially make the original BOR you signed null and void.
A salesperson can become a broker by taking additional courses and exams. A broker designation also allows someone to manage a brokerage. If they do take on that role, they are known as the Broker of Record.
A broker of record letter can be used to accomplish the following: Suspends the rights of the current broker to communicate adjustments with the insurance company on your behalf. Gives rights solely to the new broker to manage your account going forward, including the ability to manage plans with insurance companies.
An agent of record letter is a document that designates which agent a business owner wishes to represent their company. The letter gives the agent the authority to act on behalf of the company when negotiating plan details with insurance companies.
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An Agent of Record (AOR) is generally the same thing as a Broker of Record (BOR). These letters or forms determine who represents your business to an insurance company.
An agent of record (AOR) is the individual health insurance agent you designate with your health insurance company to represent you and help you manage your insurance policy. Each individual policy you purchase has its own agent of record.
A broker of record letter should include specific information, including the name of the group plan and the selected broker, the effective date of the broker designation, and terms in which the broker of record designation can be terminated.

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