Life Insurance✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
As a field underwriter, the life insurance agent's primary responsibility is to:
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Field underwriting is the agent's role in the underwriting process. The agent completes the application accurately, observes the applicant firsthand, asks the health and lifestyle questions, and may collect a specimen for paramedical testing. This information is forwarded to the insurer's home office, where professional underwriters make the final decision on whether to accept the risk and at what classification. The agent does not approve or reject the application, set rates, or compute cash values.
Why the other options are wrong
- A) The final acceptance or rejection is made by the home office underwriter, not by the field agent.
- C) Premium rates are set by the insurer's actuarial and pricing functions for its approved policy forms.
- D) Cash surrender values are determined by the policy contract and its guarantees, not by the agent.
Memory hook
The agent scouts; the home office decides.