What is defined as a person appointed by an insurer to represent the company and present policies on its behalf?

An agent is defined as a person appointed by an insurer to represent the company and present policies on its behalf. This role involves facilitating the sale of insurance products, providing information about the policies, and acting as a liaison between the insurance company and the clients. Agents are essential in building relationships with potential clients, answering their questions, and helping them understand the coverage options available to meet their needs.

In the context of insurance, having an agent is crucial as they provide personalized service and guidance throughout the policy selection process, ensuring that clients choose the appropriate coverage that suits their individual circumstances. Their responsibilities often include preparing and submitting applications, collecting premiums, and assisting in claims processes by serving as a point of contact.

While other roles in insurance, such as brokers and underwriters, play important functions, they do not fulfill the same representation role for the insurer as agents do. Brokers represent the interests of clients rather than the insurance company, underwriters assess risk and determine policy terms, and adjusters handle the claims process. Each of these positions has distinct responsibilities that differ from those of an agent.