What should an agent do if they fail to obtain an applicant's signature on an insurance application?

When an agent fails to obtain an applicant's signature on an insurance application, the most appropriate action is to return the application to the applicant for their signature. This ensures that the application is complete and valid, as the applicant's signature is a required component of the application process.

Submitting an application without the necessary signature could lead to issues with the application being processed or approved, as insurance companies typically require the applicant’s acknowledgment and agreement to the terms and conditions outlined in the application.

Returning the application for the applicant's signature not only complies with regulatory standards but also protects both the agent and the insurance company by ensuring that there is clear consent from the applicant regarding the insurance coverage they are seeking. This step is vital to maintaining the integrity of the application process and safeguarding the interests of all parties involved. It also helps prevent any potential disputes that may arise from incomplete documentation.