What is an individual who has a contract with an insurance company to represent it called?

The term used to describe an individual who has a contract with an insurance company to represent it is “Producer.” In the insurance industry, a producer is an umbrella term that encompasses both agents and brokers but primarily refers to individuals who actively sell insurance products on behalf of the insurance company.

Producers may work as independent agents representing multiple insurance companies or as exclusive agents for a single insurer. Their key role involves not only marketing and selling insurance policies but also providing customer service and ensuring compliance with the relevant laws and regulations in their jurisdiction.

While an agent specifically refers to someone who legally acts on behalf of an insurance company, and a broker typically represents the buyer rather than the insurer, the broader classification of "producer" includes all individuals engaged in the sale of insurance. Thus, calling someone a producer accurately reflects their contractual relationship with the insurance company and their role in the insurance distribution process.