What type of relationship does an independent agent have with each insurer they represent?

An independent agent has a fiduciary relationship with each insurer they represent because they are obligated to act in the best interests of the insurers when representing their products and services. This means that the agent must prioritize the needs and interests of the insurer, ensuring that they present products accurately and fairly, and manage client relationships in a manner that aligns with the insurer's policies and standards. The fiduciary duty encompasses honesty, transparency, and loyalty in dealings with insurers, all of which are fundamental to maintaining trust in the insurance business.

While the other options describe various types of relationships—like independent, which implies a degree of autonomy, or dependent, which would suggest a lack of independence—these do not encapsulate the legal and ethical obligations that agents owe to the insurers. The consultative nature could be part of the independent agent's role in advising clients, but it does not specifically define the relationship with insurers in terms of fiduciary responsibility.