An underwriter performs all of the following duties, except one. Identify the exception.

The role of an underwriter is primarily focused on evaluating risk and determining the terms and costs of insurance policies. This involves analyzing applications, assessing the risk associated with insuring a person or entity, and ultimately deciding whether to approve or decline coverage.

In this context, preparing the policy, making changes to the policy, and providing quotes all fall within the typical scope of an underwriter's responsibilities. Preparing a policy involves drafting the terms and conditions based on the assessment, while making changes requires an understanding of the risks and the insurer's policies. Providing quotes is essential in terms of communicating the price of coverage that reflects the assessed risk.

Calling the client, however, is usually not a responsibility of the underwriter. This task is more typically handled by other roles within the insurance company, such as client service representatives or agents, who focus on client interaction, communication, and customer service aspects.

Therefore, the correct answer identifies the task that does not align with the typical functions of an underwriter.