Which of the following is a primary duty of an insurance agent?

The primary duty of an insurance agent is to collect premiums. This responsibility is essential for maintaining the financial health of the insurance company and ensuring that policies remain in force. Collecting premiums allows the insurer to cover the risks associated with the contracts they have issued. It is a vital function that facilitates the overall operation of the insurance business, as premiums are the primary source of revenue that enables the company to pay claims and manage risk.

While options like investing funds, handling claims, and regulating policies are important activities within the insurance industry, they are typically responsibilities of other roles. Investment managers usually handle the funds collected, claims adjusters manage the claims process, and regulatory bodies (not agents) oversee policy compliance and the regulatory aspects of the insurance market. Therefore, the agent's primary focus remains on collecting premiums from policyholders to ensure the company's operational capabilities.