Final answer:
An agent is an individual authorized by an insurer to perform various acts related to insurance, such as soliciting applications, collecting premiums, and authorizing claims. However, they are not authorized to 4. render services to prospects.
Step-by-step explanation:
An agent is an individual who has been authorized by an insurer to be its representative and to perform various acts related to insurance.
These acts typically include soliciting applications for insurance, collecting premiums from policy owners, and authorizing payment of certain claims.
However, the one act that an agent is not authorized to perform is rendering services to prospects. This means that an agent is responsible for all the mentioned acts except for 4. rendering services to prospects.