Which individual is required to hold a producer license?

A producer license is required for individuals who negotiate insurance contracts on behalf of insurance companies or policyholders. This includes activities such as soliciting insurance applications, negotiating terms, or facilitating the issuance of insurance policies. The role of negotiating insurance contracts encompasses a wide range of responsibilities, including understanding insurance products, advising clients, and ensuring that the contracts meet the regulatory requirements.

The other roles mentioned do not require a producer license. Presenting insurance claims, providing financial advice, and measuring risks for insurance are important functions within the insurance industry but are governed by different licenses or regulations. Presenting claims typically falls under claims adjusters, financial advisory services may require a different credential, and risk measurement is often conducted by actuaries or underwriters, who also adhere to distinct regulatory frameworks. Therefore, the requirement for a producer license specifically applies to those negotiating contracts.