Legal Definitions - producer

A producer is a person who is authorized by an insurance company to sell its insurance policies. They can be referred to as an insurance agent, recording agent, or record agent in property insurance.

• General Agent: An agent with the general power of making insurance contracts on behalf of an insurer.
• Special Agent: An agent whose powers are usually confined to soliciting applications for insurance, taking initial premiums, and delivering policies when issued. They can also be referred to as a local agent or solicitor.

For example, if you want to buy car insurance, you can contact a producer who works for an insurance company. They will explain the different types of policies available and help you choose the one that best fits your needs. The producer will also help you fill out the application and collect the initial premium payment. Once the policy is issued, they will deliver it to you.