An agent is best defined as a person who does what?

An agent is best defined as a person who solicits, sells, or procures insurance applications because this encapsulates the primary role of an insurance agent in the market. Agents act as intermediaries between the insurance company and potential policyholders. Their responsibilities include identifying customer needs, presenting insurance options, and facilitating sales transactions. This role is crucial as agents help consumers understand different insurance products and choose the ones that suit their needs, thereby directly supporting the sales process for insurance companies.

The other definitions do not accurately reflect the core duties of an agent. Managing an insurance company pertains more to executive or administrative roles rather than that of an agent. Providing legal advice on insurance matters falls under the domain of legal professionals rather than agents, who do not typically offer legal counsel. Underwriting insurance policies is a task that relates specifically to assessing risks and determining policy terms, which is typically performed by underwriters, not agents. Therefore, the definition that encompasses the essence of what an agent does is soliciting, selling, or procuring insurance applications.