Which entity verifies the occurrence of a qualifying event for accelerated benefits?

The correct answer is that a physician verifies the occurrence of a qualifying event for accelerated benefits. In the context of insurance, particularly with life insurance or critical illness policies, accelerated benefits are typically triggered by a serious health condition or a significant change in health status. A physician is qualified to assess a patient's medical condition, determine the severity of illness, and confirm whether it meets the criteria set forth in the policy for accessing accelerated benefits. Their professional medical judgment is essential for this determination, ensuring that the policyholder is genuinely eligible for the benefits.

The other choices do not fulfill this role. For example, while the insurance agency processes claims and administers policies, it does not perform medical evaluations. A licensed actuary focuses on risk assessment and financial implications within insurance rather than personal health assessments. The policyholder may report their health status but lacks the medical expertise to provide a formal verification of a condition that qualifies for accelerated benefits. Thus, the physician's role is critical and directly aligned with the requirements of confirming a qualifying event.