What is a licensee called who charges a fee for insurance advisory services?

A licensee who charges a fee for insurance advisory services is referred to as a consultant. This role typically involves providing expert advice and insights regarding insurance products, coverage options, and risk management strategies, which may not necessarily lead to the direct sale of an insurance policy. Consultants may operate independently or as part of a consulting firm and are compensated based on their advisory services rather than commissions from insurance sales.

In contrast, brokers and agents primarily focus on the sale of insurance policies and earn their income through commissions paid by insurance companies for the policies they sell. An adjuster, on the other hand, evaluates claims made by policyholders and helps determine the amount an insurance company should pay. Since a consultant operates within a different framework and is specifically oriented towards providing advisory services, it is essential to use this term to describe such a licensee accurately.