Washington Life Producer Practice Exam

An insurance producer is often responsible for field underwriting during the application process. All of these are possible field underwriting roles EXCEPT?

1. Determining applicant's risk factors

2. Providing commission information to the applicant

3. Completing the application

4. Collecting initial premium

The correct answer is: Providing commission information to the applicant

In the context of insurance producers, field underwriting involves evaluating and determining the risk associated with an applicant based on various factors. This includes roles such as determining applicant's risk factors, completing the application, and collecting the initial premium. Determining applicant's risk factors is a fundamental part of the field underwriting process, as producers assess the applicant's health, habits, and other relevant information to evaluate the risk for the insurance company. Completing the application is also a critical task, as it ensures that all necessary information is gathered and accurately documented for underwriting decisions. Additionally, collecting the initial premium is a step that helps to bind the coverage and indicates the applicant's commitment to the insurance policy. Providing commission information to the applicant, however, does not fall within the typical responsibilities of field underwriting. This task is more aligned with administrative or sales roles and relates to the producer's compensation rather than the assessment of an applicant's insurability or risk profile. Therefore, this option does not align with the concept of field underwriting in the application process.