“Insurance producer” means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance. For purposes of this definition:

1. (1) “Negotiate” means to confer directly with or to offer advice directly to a purchaser or prospective purchaser of a particular policy of insurance concerning any of the substantive benefits, terms or conditions of the policy, if the person engaged in that act:

   1. (a) Sells insurance; or
   2. (b) Obtains insurance from insurers for purchasers.
2. (2) “Sell” means to exchange a policy of insurance by any means, for money or its equivalent, on behalf of an insurer.
3. (3) “Solicit” means to attempt to sell a policy of insurance or to ask or urge a person to apply for a particular kind of insurance from a particular insurer. [Formerly 731.062]