Which term refers to a person who solicits, negotiates, or delivers policies of insurance?

The term that refers to a person who solicits, negotiates, or delivers policies of insurance is "insurance producer." This designation encompasses a broad range of activities and responsibilities related to the distribution of insurance products. Essentially, an insurance producer serves as an intermediary between the insurance company and the client, helping clients understand their options and securing coverage that meets their needs.

Insurance producers can include both agents and brokers, but the term itself is more encompassing. Agents typically represent one or more insurance companies and sell policies on their behalf, while brokers operate more independently, usually representing the client and helping them find the best coverage options available from various insurers.

Understanding the role of an insurance producer is crucial for grasping the structure of the insurance market and the different types of professionals involved in facilitating insurance transactions. Such knowledge is essential for anyone seeking to work within the field of insurance in Montana or elsewhere.