What term is used for a person who sells, solicits, or negotiates insurance?

The term "Insurance Producer" is used to describe a person who sells, solicits, or negotiates insurance on behalf of an insurance company. This designation is important because it encompasses a broad range of roles within the insurance industry, including agents and brokers.

An insurance producer can operate as an independent agent representing multiple insurance companies, or as a captive agent representing a single insurer. The key characteristic of an insurance producer is their ability to facilitate the sale of insurance products through direct interaction with clients, assessing their needs, and recommending appropriate coverages.

While terms like "insurance agent" and "broker" are also related to the sale of insurance, they denote specific types of producers. An agent typically works for one insurance company and sells that company's policies, while a broker represents the buyer and can offer products from multiple insurers. An adjuster, on the other hand, deals with claims and evaluations, not the sales process.

Overall, recognizing that "Insurance Producer" serves as an umbrella term emphasizes the individual's role in facilitating insurance transactions and means of connecting clients with insurance products effectively.