Final answer:
An insurance agent's responsibilities at policy delivery include collecting payment, obtaining requisite forms and signatures, and explaining the policy to the policyholder. Option a.
Step-by-step explanation:
When delivering a policy, the responsibility of an insurance agent primarily involves explaining the policy's features, benefits, and exclusions, ensuring that the policyholder understands what they have purchased. The specific tasks an agent might perform include:
Collecting payment at the time of delivery if it has not already been paid prior to when the policy is issued.
Ensuring that all required forms, such as a delivery receipt, are signed by the policyholder, thereby acknowledging receipt of the policy.
Answering any questions the policyholder may have regarding terms and conditions, coverage limits, and the process for filing a claim.
It is important to note that an agent does not have the authority to approve or decline the risk; that is the underwriter's role, which occurs prior to policy issuance.
Furthermore, collecting medical statements from physicians is not typically an agent's responsibility either. Such documentation is usually requested and managed by the underwriter during the application process. Option a