Step 1: Analyze the assertion.
The statement "Insects are important pollinators for many flowering plants" is correct because many plants rely on insects to transfer pollen, which is essential for reproduction and seed formation.
Step 2: Analyze the reasoning.
The reasoning explains that insects visit flowers for nectar or pollen. During this process, they facilitate the transfer of pollen between flowers, enabling cross-pollination. This reasoning directly supports the assertion.
Step 3: Verify the connection between the assertion and reasoning.
The reasoning not only explains the assertion but also provides the biological basis for the statement. Hence, both the assertion and reasoning are correct, and the reasoning correctly explains the assertion.