What Does Agent Mean?
An agent, in the context of insurance, is a professional who has the authority to sell insurance on behalf of a company. Licensed by the state, insurance agents may be employees of a company or independent contractors. Either way, their job is to sell insurance products.
Insuranceopedia Explains Agent
To become an insurance agent, a person must pass state exams to receive a license. Unlike captive insurance agents, many insurance agents are independent, and may sell insurance for a number of different insurance companies, instead of just one. Insurance companies hire agents either as employees or independent contractors to help bring in business and increase sales. These professionals are often paid on commissions. However, it is also common for them to get salaries or salaries plus commissions.