Who is defined as an "insurance agent"?

An insurance agent is defined as a licensed individual who sells and services insurance policies on behalf of an insurance company. This role involves representing the insurer and acting on their behalf to secure policies for clients. Agents play a crucial part in the distribution of insurance products, utilizing their knowledge to advise clients on suitable coverage options and help them navigate the policy selection process.

The importance of this definition lies in the agent's responsibility to understand both the products they offer and the needs of their clients, integrating their expertise to ensure that clients receive appropriate and beneficial coverage. This establishes a direct connection between the insurance company and the insured, making agents essential intermediaries in the insurance industry.

In contrast, other roles mentioned do not fit the definition of an insurance agent. For example, a direct insurer sells policies directly to the public, which does not involve the agency model. A consultant may provide valuable advice on policies but typically does not sell insurance or represent an insurance company. A government official overseeing insurance companies is involved in regulation and compliance, which is unrelated to the activities of selling and servicing insurance policies.