Which of the following is NOT an underwriting responsibility of a life insurance agent?

Determining the final rate classification is not typically an underwriting responsibility of a life insurance agent. Instead, it is usually the role of underwriters who assess risk and make decisions about the classification of an applicant based on their health and other relevant factors.

Life insurance agents focus on collecting premiums, evaluating the applicant’s health through information gathering, and sometimes facilitating the medical exam process, but the determination of the final rate classification is based on a comprehensive review of all the information by the underwriting department. This process involves a detailed analysis that goes beyond the initial evaluations made by agents. Therefore, the specific responsibility of deciding the final rate classification lies with the underwriters rather than agents.