Insurance Solicitor
What Does Insurance Solicitor Mean?
An insurance solicitor is an individual authorized to gather insurance applicants but not to issue policies. They typically work for an insurance agent, helping to collect leads and potential clients.
While they cannot sell insurance products, solicitors are still required to pass a licensing examination and hold a valid license.
Insuranceopedia Explains Insurance Solicitor
An agent may work for a single insurance company (captive agents) or multiple companies (independent agents), while a solicitor works under the agent.
The solicitor’s role is to expand the agent’s client base and applicant pool. Solicitors can provide interested individuals with insurance policy applications but are not authorized to issue policies. Instead, they gather completed applications and forward them to the agent, who then processes them.
Solicitors may be compensated through a commission based on the number of leads or applications they collect, or they may receive a fixed monthly salary.
