What is the primary function of a Wholesale Producer?

The primary function of a Wholesale Producer is to arrange coverage on behalf of a retail producer. Wholesale producers act as intermediaries who facilitate access to specialized insurance products and markets for retail agents, who may not have direct access to them.

Retail producers typically focus on selling insurance to consumers and may require the expertise or unique products that wholesale producers offer. By working with wholesale producers, retail agents can provide broader and often more tailored coverage options for their clients, especially in situations where standard markets do not provide adequate solutions. This collaboration is essential in the insurance industry, particularly in areas such as surplus lines where specialized knowledge and resources are critical to meet unique client needs.

The other functions described in the options do not align with the core role of a wholesale producer, emphasizing the importance of their position in the overall insurance distribution landscape.