Which term refers to a person who has a contract with an insurer to represent it and solicit insurance?

• A. Broker
• B. Underwriter
• C. Producer
• D. Agent

Answer: (C)

The term described is producer. A producer is someone who has a contract with an insurer to represent the company and to solicit insurance on its behalf. This role includes soliciting, negotiating, and procuring policies for the insurer, which is the function highlighted in the description.

Think of it this way: the producer acts as the insurer’s sales representative. An underwriter is about evaluating risk, not soliciting or representing the insurer. A broker represents the insured and may shop policies with multiple insurers, while an agent is typically the insurer’s representative who sells on behalf of a specific insurer. The broad term used in licensing and practice to cover those who represent an insurer and solicit coverage is producer.