Who represents the insurance company when selling an insurance policy?

The correct answer is 'Producer' because a producer is an individual or entity that is authorized to sell insurance policies on behalf of an insurance company. They act as intermediaries between the insurer and the policyholder, facilitating the transaction and ensuring that the needs of the clients are met with suitable insurance products.

Producers are typically licensed by the state to represent one or more insurance companies, enabling them to offer a variety of insurance solutions. Their primary role is to advise clients about different coverage options, explain the terms of the policy, and assist in the application process, ultimately representing the interests of the insurance company while also serving the needs of the insured.

In contrast, a broker traditionally represents the policyholder rather than the insurer. Adjusters are involved in the claims process, assessing and determining the validity of claims to ensure fair compensation based on the policy provisions. The insurer refers to the insurance company itself, which is the entity that creates and sells insurance policies but does not engage in direct selling in the same way a producer does.