In West Virginia, what is the status of an individual producer?

In West Virginia, an individual producer is primarily considered to represent the insurance company. This means that their primary responsibility is to serve the interests of the insurer for which they are appointed. Individual producers, commonly referred to as insurance agents, are licensed to sell insurance products on behalf of their insurers. Their role involves understanding the products offered, advising policyholders, and facilitating the sale of insurance, all while working within the guidelines set forth by the insurance company they represent.

This status is significant, as it underscores the fiduciary relationship that exists between the producer and the insurer, where the producer must act in accordance with the insurer's interests and guidelines. Even though they interact with clients and may offer guidance to them regarding insurance options, their client relationship is secondary to their obligation to the insurance company. This is a critical distinction in understanding the legal and operational framework of insurance production in West Virginia.