Who is considered an applicant in insurance terms?

In insurance terminology, an applicant is specifically defined as the individual who submits an application for an insurance policy. This person is responsible for providing the necessary information that the insurer will use to assess the risk and determine whether to accept the application for coverage.

In the context of the provided choices, while a person providing medical information, a designated beneficiary, or a licensed insurance agent plays important roles within the insurance process, they do not constitute the applicant themselves. The applicant is directly involved in the initiation of the insurance contract, which is why this definition aligns precisely with option B. This distinction is essential for understanding insurance roles and responsibilities, particularly in the context of underwriting and risk assessment.