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13 Ιαν 2020 · Insurance producers are licensed to sell and negotiate life, health, property, or other types of insurance offered by an insurance company. As an insurance producer, you may work for one insurance company only or represent multiple carriers.
This article provides a high-level overview of the U.S. insurance regulatory system and the state insurance laws governing insurance producers, agents and brokers and is intended to provide the reader with a general understanding of the regulatory issues that commonly confront producers.
Insurance Producers means each of the Company ’s Subsidiaries which, by virtue of its operations and activities, is required to be licensed as an insurance agent, intermediary, third party administrator, managing general agent or similar service provider to insurers, reinsurers or self-insured groups. Sample 1. Based on 1 documents.
26 Μαΐ 2021 · The term “insurance producer” is broad, encompassing both insurance agents (who act on behalf of carriers) and insurance brokers (who act on behalf of clients). States regulate them similarly when it comes to their licensure, with the differences coming into play during the appointment process.
1 Φεβ 2023 · Background: People who wish to sell, solicit or negotiate insurance in the United States must be licensed as a "producer". The term producer includes insurance agents and insurance brokers. Producers must comply with various state laws and regulations governing their activities.
This process of attaching the insur- ance label in a legal context has received consideration under a variety of titles, such as: (1) WVhat constitutes doing an insurance business, (2) The legal mean-. (4) Delimitation of the insurance field, and (5) What is a contract of insurance.
The primary function of insurance brokers is to obtain agreement and understanding between insured and insurers in order to effect (or ‘place’) appropriate insurance cover pursuant to the instructions of its client. This primary function is carried out as an agent of the insured, but brokers also carry out various other tasks.
