What is the term for a person licensed under Chapter 19 in the Michigan Insurance Code?

The term "licensee" refers to a person who has been granted a license under Chapter 19 of the Michigan Insurance Code. This chapter specifically relates to the regulation of insurance producers, encompassing both agents and brokers who are authorized to engage in the business of insurance. Being a licensee signifies that the individual has met the necessary educational and ethical standards required by the state to operate in this capacity.

While "agent" and "broker" are both key roles within the insurance industry, they are specific types of licensees with distinct responsibilities and functions. An agent typically represents one or more insurance companies, while a broker acts on behalf of clients to find appropriate insurance coverage from various insurers. In the context of the question, the broader term "licensee" encompasses both agents and brokers, reflecting their legal status as individuals authorized to conduct insurance-related activities under Michigan law.