What is a sponsor required to do for an applicant for an insurance license?

In the context of insurance licensing in Alberta, a sponsor plays a critical role in supporting the applicant through the licensing process. The correct answer highlights that the sponsor is responsible for training the applicant and recommending them to the Alberta Insurance Council. This relationship is essential because it ensures that the applicant is equipped with the necessary knowledge and skills to operate effectively in the insurance industry.

Training provided by the sponsor helps the applicant understand various components of insurance, including products, regulations, and ethical considerations, which are vital for success in this field. Additionally, the sponsor’s endorsement to the Alberta Insurance Council is a significant part of the process, as it provides credibility to the applicant’s professionalism and preparedness for obtaining the license.

The other options suggest actions that are not typical requirements for a sponsor. For example, while vouching for the applicant's character is important in many professional settings, it is not a formal requirement for the licensing process. Similarly, contributing to business setup costs and proctoring the licensing examination are not part of the responsibilities expected from a sponsor in the context outlined in the question.