What is a Producer? Producer[pruh-doo-ser]noun1.A Producer is an individual licensed by a State’s Insurance board to sell insurance. A Producer can be an Agent, a Broker, or a colleague of either of the two. Share | Have A Question About This Topic? Address Thank you! Oops! Related Contents Coaches Coaches have helped you your whole life, in ways big and small. We’d like to be one of them. When to Self-Insure Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails? Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.