What is the role of an insurance agent?

The role of an insurance agent primarily involves selling insurance policies and providing valuable advice to clients regarding their insurance needs. An insurance agent acts as an intermediary between the insurance company and potential customers, helping to assess their individual needs, explain various policy options, and recommend coverages that best suit their circumstances. This function is crucial as it allows clients to make informed decisions about their insurance protection while also ensuring that the insurance products offered meet regulatory requirements and company policies.

In contrast, evaluating and settling claims falls under the responsibilities of claims adjusters, not agents. Creating insurance laws and regulations is a function of legislative bodies and regulatory agencies, while managing investments is typically the role of investment managers within an insurance company rather than the agents who sell insurance products. Thus, the correct answer highlights the primary duties of insurance agents in the marketplace.