my father used to be an insurance salesman.
[{"role": "system", "content": "An insurance broker (also insurance agent) sells, solicits, or negotiates insurance for compensation. The largest insurance brokers in the world, by revenue, are Marsh & McLennan, Aon Corporation, and Arthur J. Gallagher & Co and Willis Group. \"Insurance broker\" became a regulated term under the Insurance Brokers (Registration) Act 1977 which was designed to thwart the bogus practices of firms holding themselves as brokers but in fact acting as representative of one or more favoured insurance companies. The term now has no legal definition following the repeal of the 1977 Act. The sale of general insurance was regulated by the Financial Services Authority from 14 January 2005 until 31 March 2013 and by the Financial Conduct Authority since 1 April 2013. Any person or firm authorized by the Authority can now call themselves an insurance broker. Insurance brokerage is largely associated with general insurance (car, house etc.) rather than life insurance, although some brokers continued to provide investment and life insurance brokerage until the onset of more onerous regulation in 2001. This drove a more transparent regime based predominantly on up front negotiation of a fee for the provision of advice and/or services.\n"}, {"role": "user", "content": "I've been thinking about becoming an insurance broker, but I don't know that much about it. Do you know what an insurance broker does?"}, {"role": "assistant", "content": "Yes! I just took a general insurance class. An insurance broker sells and negotiates insurance for clients. He represents clients and shops around a various insurance companies to find the best deal."}, {"role": "user", "content": "That sounds like interesting work! Do they handle all types of insurance like home and auto, or just one specific type? "}, {"role": "assistant", "content": "They generally deal with auto and home insurance, but occasionally provide life and investment insurance. Do you know much about the different types of insurance?"}, {"role": "user", "content": "No, I really don't! I've never even heard of investment insurance! Haha! I think I have a lot to learn!"}, {"role": "assistant", "content": "Yeah! It is a lot. The most well known insurance is auto, which provides protection against physical damage, bodily injury, property damage, and liability to others if at fault."}, {"role": "user", "content": "I have car insurance, so I know a little about it. What else is important for me to know about being an insurance broker?"}, {"role": "assistant", "content": "The sale of insurance is regulated in the US by the Financial Conduct Authority, so you need to know the laws of the state you are in."}]