Who is considered an agent in the insurance industry?

In the insurance industry, an agent is defined as an individual who is licensed to sell insurance products on behalf of an insurance company. This role involves several key responsibilities, including assessing client needs, providing information about various insurance policies, and facilitating the purchase process. Agents act as intermediaries between the insurance company and the customer, ensuring that clients understand their options and helping them make informed decisions.

The distinction of being licensed is crucial because it signifies that the individual has met specific educational and regulatory requirements, proving they have the necessary knowledge to navigate insurance products and regulations. This licensure also grants them the authority to sell policies, which is a fundamental aspect of their role as agents in the insurance industry.