What must an insurance application submitted by a producer include?

An insurance application submitted by a producer must include the producer's name and signature as it signifies that the producer is officially representing the applicant and is responsible for the submission of the application. The inclusion of the producer's name and signature also helps in maintaining a record of accountability and establishes a professional relationship between the producer, the insurer, and the applicant.

Moreover, having the producer's name on the application aids the insurance company in verifying that the application has been legitimately submitted by a licensed and qualified individual. This essential step helps to ensure compliance with regulatory standards, as every producer is required to operate within the legal framework set forth by the state insurance department.

In contrast, while a client's signature is important and is typically required for an insurance application to acknowledge understanding and agreement, it is not the primary identifier of the producer's involvement. The producer's license number may also be relevant for identification and compliance tracking, but it is not mandated as part of the core requirements for the application itself. Additionally, the number of previous policies is not typically required in an application; the focus is more on disclosures regarding the applicant's information and the producer's involvement in the transaction.