Louisiana Series 103 Insurance Practice Exam 2026 – Your Comprehensive Guide to Mastering Life, Health, and Accident Coverage

A producer is the person who has a contract with an insurance company to represent it and solicit insurance. This term describes someone authorized to act on behalf of the insurer to solicit and procure policies, rather than representing the insured or evaluating risk.

An agent is similar in that they represent the insurer, but the exam often uses the broader term producer to cover anyone contracted to work with the insurer to solicit business. A broker represents the insured, not the insurer, and an underwriter evaluates and decides whether to accept risk and issue a policy, rather than actively soliciting applications.