Virginia State Life, Health and Annuities Practice Exam

Licensed agents in Virginia are authorized to solicit, receive, and forward applications to the insurer. This responsibility is a fundamental aspect of an insurance agent's role, as agents serve as intermediaries between the clients and the insurance company. By collecting applications, they help initiate the insurance process for individuals seeking coverage.

Agents must ensure that applications are filled out correctly and that all necessary information is provided to the insurer for underwriting purposes. This role is critical in establishing the relationship between the insurer and the insured, ensuring that applicants can secure the desired insurance policies.

Other activities, such as negotiating premiums, issuing policies directly, or providing financial advice on investments, typically fall outside the authority of an agent or require additional licenses or qualifications. Each of these functions is governed by specific regulations and may be performed by other financial professionals or employees of the insurance company. Therefore, the correct answer reflects the core duties that licensed agents are empowered to perform within the state of Virginia.