Definition - What does Insurance Producer mean?
An insurance producer is someone who has the proper licensing to sell insurance within a particular state. The term "insurance producer" is interchangeable with "insurance agent" and "insurance representative."
Insurance producers sell insurance products on behalf of insurance companies. Because of this, they must possess a significant amount of knowledge in their particular insurance sub-field.
Insuranceopedia explains Insurance Producer
To become an insurance producer, a person must complete the necessary training, pass relevant exams, and obtain a license. After they have done all that, they will be authorized to sell insurance products on behalf of insurance companies. Licenses for insurance producers have to be renewed periodically.
Insurance producers often are not actual employees of insurance companies. Instead, they work on a commission basis and sell insurance for multiple insurers.
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