Which of the following best describes the responsibilities of an insurance agent?

The responsibilities of an insurance agent primarily revolve around interacting with clients and facilitating the purchase of insurance policies. This includes soliciting applications from potential clients and collecting premiums to ensure that policies are active and up-to-date. Agents serve as intermediaries between the insurance company and the policyholders, providing guidance and assistance in selecting appropriate coverage based on clients’ needs.

While the other options touch on aspects of the insurance industry, they do not accurately reflect the core duties of an insurance agent. Creating new insurance regulations is a function of regulatory bodies rather than agents themselves. Analyzing market trends, while important for the overall industry, is typically a task for market analysts or leadership within insurance companies, rather than for individual agents. Setting insurance prices is the responsibility of actuaries and underwriters within insurers, as they utilize statistical data and risk assessments to determine appropriate rates, not the agents who sell the policies.