Insurance Agent

Business, Legal & Accounting Glossary

Definition: Insurance Agent

What is the dictionary definition of Insurance Agent?

Dictionary Definition

An insurance agent is the representative for an insurer. He may be an independent agent representing the products of a collection of insurance companies, or he may be a dedicated agent who represents a single company. Some agents specialize in selling certain kinds of policies such as life insurance, or annuities sold to individuals, or various kinds of insurance sold to small businesses or corporations. An agent usually works for an agency.

Full Definition of Insurance Agent

An insurance agent is an individual approved by the state to sell insurance products. An insurance agent is principally a sales professional also referred to as “producer”. An insurance agent is likely to sell one or a number of insurance products, such as life, property and casualty, health, disability, or long term care. Insurance policies sold by an insurance agent may be used to protect both individuals and businesses from natural disasters, accidents, theft, and death. There is a subtle difference between an insurance agent and an insurance broker. An insurance broker or independent insurance agent will sell insurance on behalf of many companies in order to offer their clients the best rate possible. Conversely, an insurance agent, also known as a captive agent, represents a single insurance company. Today, an appropriately licensed insurance agent may also sell various comprehensive financial products, such as mutual funds, variable annuities, and other securities.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Insurance Agent. Payroll & Accounting Heaven Ltd. September 24, 2021
Chicago Manual of Style (CMS):
Insurance Agent. Payroll & Accounting Heaven Ltd. (accessed: September 24, 2021).
American Psychological Association (APA):
Insurance Agent. Retrieved September 24, 2021, from website:

Definition Sources

Definitions for Insurance Agent are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th August, 2021 | 1 Views.