Montana State Life Insurance Practice Exam 2025 - Free Life Insurance Practice Questions and Study Guide

In the context of insurance, the definition of an administrator primarily refers to an individual or entity responsible for managing the administrative aspects of insurance policies and plans. This includes various tasks such as collecting premiums, processing claims, and ensuring that policies comply with legal and regulatory requirements. Thus, the option that describes an administrator as someone who collects and charges premiums accurately captures a key function of this role, making it the correct choice.

The other options do not reflect the broad responsibilities typically associated with insurance administrators. While sales agents focus on selling policies, and underwriters evaluate applications and determine risks, these functions are distinct from administration within the insurance realm. Legal advice is the domain of legal professionals, who are not necessarily involved in the administrative tasks associated with insurance policies. Understanding these roles is crucial for grasping the overall framework of insurance operations.