State RegulationsAZ specificDifficulty 1/5
Under Arizona insurance law, the term "producer" refers to:
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Arizona insurance law, at A.R.S. 20-281, defines a producer as a person — an individual or business entity — licensed to sell, solicit, or negotiate insurance; licensure is the defining element of the term.
Why the other options are wrong
- A) Insurer employees are not producers unless licensed to sell, solicit, or negotiate insurance.
- B) The term covers any licensed individual or entity, not only agency owners.
- C) Underwriting and actuarial officers are insurer personnel, not producers, unless separately licensed and selling.
Memory hook
Producer = licensed to sell, solicit, negotiate — 20-281.