What Is An Insurance Producer?
An insurance producer is defined as any person, partnership, association, limited liability company or corporation, or any person, partnership, association, limited liability company or corporation acting under a trade name, or any member, stockholder, officer or employee of such an entity, holding a Producer`s license then in force in Connecticut, and which, for compensation, aids in any manner or acts as a representative on behalf of an insured or client, and who solicits or negotiates coverage of insurance for the public without an agreement or contract with any specific insurance company, and not as an officer, traveling salaried employee or appointed agent of the insurance company, or a licensed Producer holding an agent`s appointment. A Producer`s license shall not be used as a substitute for an agent`s appointment.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Insurance Articles
- What Is The Relevant State Statute?
- What Is An Authorized Licensing Representative?
- What Are The Requirements For An Individual License?
- What About Sharing Commissions?