What is the name of the required license to conduct insurance business?

The required license to conduct insurance business is often referred to as the Insurance Producer License. This designation encompasses both agents and brokers and signifies that the individual is authorized to sell, solicit, or negotiate insurance products. In many states, including Arizona, the term "producer" is used to represent anyone who engages in these activities, thereby unifying the roles of agents and brokers within the regulatory framework.

Obtaining this license typically involves meeting certain educational requirements, passing an examination, and fulfilling any additional state-specific prerequisites. The overarching aim is to ensure that individuals conducting insurance business are knowledgeable and capable of meeting the needs of consumers effectively. This is why the Insurance Producer License holds such significance in the insurance industry.

The other options refer to different titles that may not encompass the full scope of activities associated with conducting insurance business, making them less precise in this context.