Simple English definitions for legal terms
Read a random definition: misapplication
A producer is a person who is authorized by an insurance company to sell its insurance policies. They can also be called an insurance agent, recording agent, or record agent. A general agent has the power to make insurance contracts on behalf of an insurer, while a special agent's powers are usually limited to soliciting applications for insurance, taking initial premiums, and delivering policies when issued.
A producer is a person who is authorized by an insurance company to sell its insurance policies. They can be referred to as an insurance agent, recording agent, or record agent in property insurance.
For example, if you want to buy car insurance, you can contact a producer who works for an insurance company. They will explain the different types of policies available and help you choose the one that best fits your needs. The producer will also help you fill out the application and collect the initial premium payment. Once the policy is issued, they will deliver it to you.