Definition - What does Insurance Agent mean?
Insurance agent refers to a person who sells insurance policies for a living. In the US, one gets a state license first before practicing this profession. He can either work for one company or sell policies from different companies.
Insuranceopedia explains Insurance Agent
To be an insurance agent in some states, a person must be a high school graduate. In most states, he must pass an exam to get a license. Some states also require further course work or training.
A captive agent is an insurance agent that sells the products of one insurance company. The non-captive (or free) agent sells the products of several insurance companies. Either way, he lives on commissions from sales.
An agent can sell and specialize on one type of policy (such as auto insurance) or sell (and be well versed on) different kinds of policies.