Resident Agent

What Does Resident Agent Mean?

A resident agent, also known as a statutory agent, is a licensed insurance broker who operates in the state where they reside. Resident agents are authorized to sell insurance only within their state of residence and are not permitted to conduct business in other states.

Insuranceopedia Explains Resident Agent

Insurance laws in the U.S. are governed by state regulations, meaning that most insurance professionals, including brokers, are typically licensed only within their specific state.

A resident agent generally serves as the company’s representative for that state.