An insurance agent is a person who transacts all of the following types of insurance EXCEPT:

The nature of an insurance agent's role involves transacting various types of insurance, and it's important to recognize the specific licensure and specialties prevailing in the insurance industry. Agents typically focus on particular areas of insurance based on their training and certification.

In this context, life insurance represents a specialized branch that often requires distinct licensure compared to other types of insurance like annuities, homeowners, and auto insurance. While agents can certainly be licensed to sell life insurance, it is common for their primary expertise to lie in property and casualty insurance, which includes homeowners and auto insurance. This distinction helps in understanding that while an agent may transact many forms of insurance, they may not always engage in the field of life insurance unless specifically licensed and trained for it.

Therefore, the correct response accurately reflects the traditional boundaries of insurance agent specialization, whereby a general agent may not handle life insurance unless they hold the appropriate qualifications or license specifically for that type.