Final answer:
A Non-resident agent is an insurance agent licensed in their home state who is also authorized to conduct business in another state.
Step-by-step explanation:
The term for an agent who holds a license in one state but is authorized to conduct insurance transactions in another state is C) Non-resident agent. These agents are licensed in their home state, which is referred to as their resident state, but they also meet the requirements to be licensed and conduct insurance business in another state. This is an important aspect of the insurance industry as it allows for agents to serve clients in different states, ensuring that they can provide coverage and assistance for a wider range of policyholders.