A life insurance producer is normally responsible for all of the following EXCEPT:
Delivering newly issued policies to applicants
Notifying the company if a new policy will replace an existing policy
Approving policies for issue on behalf of the insurer
Collecting the initial premium from the applicant
Comprehensive and Detailed Step by Step Explanation:
Producers have defined responsibilities, but they:
Do not approve policies for issue (C); this authority lies with the insurer's underwriting department.
Deliver policies (A) and notify insurers about replacements (B) as part of their role.
Collecting initial premiums (D) is a standard practice.
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