Final answer:
The term that refers to the agent's requirement of reviewing and signing new insurance policies is Policy issuance.
Step-by-step explanation:
The term that refers to the agent's requirement of reviewing and signing new insurance policies is Option 2: Policy issuance.
When an insurance agent reviews and signs new insurance policies, they are ensuring that the policies are accurate, complete, and meet the requirements of the insurance company.
Policies are issued to customers once they have been reviewed and signed, granting them coverage under the terms and conditions of the policy.