What defines an individual who conducts business on behalf of an insurance company?

An insurance agent is defined as an individual who conducts business on behalf of an insurance company. This role involves representing the insurer, selling insurance policies, and providing clients with information about the insurance products and services offered by the company. Insurance agents are typically authorized to negotiate terms and bind coverage, making them critical in the process of securing insurance for individuals and businesses.

In contrast, a policyholder is the person or entity that owns an insurance policy; they are the recipient of the coverage provided by the insurance agent's work but do not conduct business on behalf of the company. A claims adjuster assesses insurance claims to determine the extent of the insurer's liability, focusing on the claims process rather than selling policies. A broker, while involved in the insurance industry, acts as an intermediary between the client and multiple insurance companies, rather than working exclusively for one insurer. Therefore, the distinct role of an insurance agent in representing an insurance company and facilitating the sale of policies directly defines this position accurately.