What are licensed producers in Connecticut authorized to do?

In Connecticut, licensed producers are primarily responsible for soliciting insurance applications, receiving them from potential clients, and forwarding these applications to the insurer for underwriting and policy issuance. This function is crucial as it connects consumers seeking insurance coverage with the insurance companies that provide these products. Licensed producers play a vital role in the distribution of insurance by acting as intermediaries who ensure that necessary applications and information are accurately submitted for policies to be considered and issued.

The other options do not align with the primary functions of a licensed producer. For instance, independently issuing insurance policies falls outside the scope of a producer's authority, as that responsibility typically lies with the insurance company itself. Providing tax advice requires expertise in tax laws and regulations, which is not a standard function of a life insurance producer. Furthermore, investing client premiums in the stock market would not be permissible, as it goes against the fiduciary responsibility of handling client funds, which must be used for insurance coverage as outlined, rather than for investment purposes. Thus, the correct focus for licensed producers is on the solicitation and handling of applications, which is embodied in the selected answer.