Which type of insurance agent represents only one insurer?

A captive agent represents only one insurance company, which means they sell policies exclusively from that specific insurer. This arrangement allows the agent to specialize in the products and services offered by their insurer, leading to a deeper understanding of the company's offerings and their target market. Captive agents typically receive training and support from the insurer, enabling them to provide tailored advice and service to clients based on that company's offerings.

Independent agents, unlike captive agents, represent multiple insurance companies and can offer a wider range of products to their clients. Brokers also work with various insurers but are primarily focused on finding the best coverage and prices for their clients rather than being tied to a specific company. Unauthorized agents operate without proper licensing and do not represent any legitimate insurer.

Captive agents play a crucial role in the insurance marketplace, as they often develop strong relationships with their clients, which helps in building loyalty and trust with a single brand.