What type of licensee represents the insurance company?

• A. Agent
• B. Broker
• C. Adjuster
• D. Underwriter

Answer: (A)

An agent is the licensee who represents the insurance company. In Wisconsin, an agent is a licensed producer who acts on behalf of an insurer, selling policies and often binding coverage within the insurer’s authority. They’re the company’s point of contact with applicants and handle the issuance of policies. A broker represents the insured, seeking quotes from multiple insurers and placing coverage with carriers, not binding on behalf of a single insurer. An adjuster handles claims and may represent the insurer or insured depending on the assignment, not the primary sales agent. An underwriter evaluates risk and determines whether to issue a policy and at what price, working for the insurer but not as the producer who represents the company to applicants.