Which of the following best describes the representation of an insurer in the transaction?

The role of an agent is to represent the insurer in the transaction with the policyholder. Agents act as intermediaries, facilitating the sale of insurance products on behalf of the insurance company. They have binding authority, meaning they can conclude agreements with clients based on the terms and conditions set forth by their insurer.

In contrast, brokers represent policyholders or clients rather than the insurance companies. Policyholders are individuals or entities purchasing insurance for their protection, and underwriters are responsible for evaluating risks and determining policy terms but do not engage directly in the sales process with consumers. Therefore, the agent's role is pivotal as they ensure that the insurer's interests are represented while also serving the needs of the client.