What is the difference between an independent agent, a captive agent, and a producer group?
Understand independent agencies and distribution models
What is the difference between an independent agent, a captive agent, and a producer group?
Generally, an independent agent can represent multiple insurers, while a captive agent primarily represents one insurer. A producer group is a collection of agents or agencies that may share resources, support, or business arrangements. Specific contract terms determine how each relationship works.