Final answer:
Agent requirements when soliciting life insurance to an applicant include providing the buyer's guide, explaining the terms and conditions, and disclosing compensation arrangements. Recommending policies with high commissions is not an agent requirement.
Step-by-step explanation:
When soliciting life insurance to an applicant, there are several agent requirements that must be met. These include providing the buyer's guide, explaining the terms and conditions, and disclosing compensation arrangements. However, recommending policies with high commissions is not an agent requirement. Agents should prioritize the needs and best interests of the applicant when recommending policies, rather than focusing on their own financial gain.