Which term refers to a legal representative of one or more insurers who has a contractual agreement to sell insurance?

• A. Insurance agent
• B. General agent
• C. Soliciting agent
• D. Special agent

Answer: (A)

Representing insurers under a contract to sell their products is the role of an insurance agent. An insurance agent is a legal representative authorized by one or more insurers to sell insurance products, under a contractual agreement. This broad term covers anyone who acts on behalf of an insurer to solicit, bind, or sell policies, within the scope of that contract. The other terms describe more specific levels or aspects of authority: a general agent typically has broad authority to manage a geographic area or a group of agents; a soliciting agent mainly solicits applications and may not have binding authority; a special agent is designated for a limited purpose or a particular transaction. Because the question describes a representative with a contractual agreement to sell insurance for one or more insurers, the broad term insurance agent fits precisely.