Who is a person that negotiates an insurance contract on behalf of an insurer?

A person who negotiates an insurance contract on behalf of an insurer is referred to as a producer. In the context of insurance, a producer is an individual or entity that is authorized to solicit and negotiate insurance business. Producers can represent one or more insurance companies and play a crucial role in helping clients understand their coverage options, obtaining quotes, and ultimately facilitating the purchase of insurance policies.

In contrast, a broker typically works on behalf of the insured (the consumer) rather than the insurer. The policyholder is the person or entity that owns the insurance policy, and an adjuster is an individual responsible for assessing claims and determining the extent of the insurer's liability under the terms of the policy. The distinction is essential in understanding the roles of different professionals in the insurance industry.