Life Insurance FundamentalsQuestion 142 of 716
What role does the agent play in 'field underwriting'?
a.The agent performs initial screening, gathers accurate application information, and identifies obvious uninsurable risks
b.The agent has binding authority to issue the finished policy on the spot without any home-office review or approval
c.The agent sets the final premium rate and assigns the applicant's risk classification, and the home office may not change either
d.The agent collects the medical exam fee directly from the applicant and forwards it to the paramedical vendor
Explanation
Field underwriting is the agent's contribution to the underwriting process. The agent screens applicants for obvious red flags, ensures the application is complete and truthful, and forwards a clean file to the home-office underwriter. The agent does not set rates or issue the policy.
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)