Life Insurance✓ Verified · outline & fact-checked · Sep 2026Difficulty 1/5
As a field underwriter in the life insurance process, the agent is responsible for:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The agent acts as a field underwriter by completing the application accurately, obtaining necessary signatures, answering the applicant's questions honestly, and forwarding the application with the agent's report to the insurer. The agent does not make the underwriting decision or set rates; the insurer's underwriters decide acceptance and pricing. This division of duties is described in objective LIFE-II.I.2 on the underwriting process.
Why the other options are wrong
- B) Risk acceptance decisions belong to the insurer's home office underwriters, not the field agent.
- C) Premium rates are set by the insurer's actuarial and pricing functions, not by the agent.
- D) The policy is issued only after the insurer completes underwriting review of the application.
Memory hook
Agent = gatherer of facts, not giver of verdicts. Underwriting happens at home office.