For which of the following actions can an agent's license be suspended or revoked?
Asked by: Lucie Blanda | Last update: August 7, 2025Score: 4.5/5 (32 votes)
Which of the following actions can an agent's license be suspended or revoked?
They include: Providing incorrect, misleading, incomplete, or otherwise false information in an agent license application. Violating a state insurance law, regulation, or subpoena in the agent's domicile state or any other state. Trying to get licensed through misrepresentation or fraud.
Which of the following would be a valid reason for suspending or revoking an insurance agent license?
An insurance agent's license can be suspended or revoked for various reasons, including providing false information, violating insurance laws, committing fraud, or having a felony conviction.
Which of the following has the power to suspend or revoke an agent license Quizlet?
Any licensed agent who has committed any offense denounced by the Code may have his/her license suspended or revoked by the Commissioner.
When an agent's license may only be suspended?
Explanation: An agent's license may only be suspended or revoked if the agent commits a crime, fails to pay fees, or violates ethical standards.
What Actions Did the SEC Take to Protect Investors after the Revocation Exercise?
Can an agent's authority can usually be revoked by the principal at any time?
An agency contract to be performed to the principal's satisfaction can generally be canceled at will by the principal. Similarly, a power of attorney that is not a durable power of attorney, constituting a mere agency, may be revoked at any time, with or without cause.
Which of the following situations would result in the suspension of an insurance agent's license?
Intentionally misrepresenting the provisions of a policy, forging a name on an insurance application, and being convicted of a felony can all lead to the suspension of an agent's license due to ethical violations or criminal activities.
Which activity may result in suspension or revocation of an agent's license?
Writing primarily controlled business, meaning primarily insuring properties, businesses, or immediate family members, can lead to suspension or revocation of an agent's license.
What are reasons to revoke or suspend a physician's license quizlet?
A physician's license to practice may be revoked or suspended as a result of (1) conviction of a crime, (2) unprofessional conduct, and (3) personal or professional incapacity. Each of these conditions is defined by state statute.
Which of the following may be grounds for an administrative action to suspend or revoke license?
Frequent calls for law enforcement assistance may be grounds for an administrative action to suspend or revoke the license. Hence (Option c) is correct. Frequent calls for law enforcement assistance could warrant administrative action to suspend or revoke a license.
Which of the following actions may result in the suspension of a producer's license?
Final answer: Engaging in fraudulent activities, such as misrepresenting facts or creating misleading documentation, may result in the suspension of a producer's license.
What is an example of rebating?
An example of rebating is when the prospective insurance buyer receives a refund of all or part of the commission for the insurance sale.
What does suspend mean in insurance?
Policy suspension, or putting your car policy on hold, allows you to reduce your policy cover for a period of time while your car is not in use, for example if you leave the country on a long stay holiday. The cover provided is reduced to “Laid Up, Fire & Theft” for the duration of the suspension period.
What illegal behavior would result in a license revoked?
Driving-Related Grounds for License Revocation
Driving under the influence of alcohol or drugs (DUI) Reckless driving. Leaving the scene of an injury accident. Failure to answer a traffic summons.
Which of the following actions by an agent would not result in a license suspension or revocation?
The action that would NOT likely result in license suspension or revocation is sharing commission with another similarly-licensed agent. Other actions like submitting false applications, malicious conduct, or felony convictions generally lead to severe consequences.
Which of the following is an example of defamation?
An example of defamation is a producer who publicly and erroneously announces that an insurance company is insolvent. Defamation involves making a false statement that injures the reputation of another party. This can be divided into two categories: libel (written defamation) and slander (spoken defamation).
Which of the following actions can an agents license be suspended or revoked?
Final answer: For actions including failure to comply with ethical standards, engaging in fraudulent activities, and misrepresentation of information, an agent's license can be suspended or revoked.
What are reasons to revoke or suspend a physician's license?
In California, doctors risk losing their medical license after a conviction for a criminal offense. Facing criminal charges on its own cannot trigger a revocation of your license. However, the medical board will investigate the nature of your charges and whether or not they resulted in a conviction.
Which of the following is a reason for a revocation or suspension of a healthcare provider's license?
Common reasons medical licenses are revoked include:
Medical insurance fraud such as billing fraud or receiving kickbacks. Criminal convictions. Violations of prescription drug laws (overprescribing, stealing, or aiding and abetting) Abuse of a patient.
What happens if your real estate license is suspended?
If that happens, you can't practice real estate until the issue is resolved, which may warrant a late fee. It's also important to note that you may have to retake your Pre-Licensing education to reinstate your license if a significant amount of time elapses after your license is revoked or expired.
Will an order suspending or revoking a license or imposing sanctions against a licensee only affect other licensed locations?
An order suspending or revoking a license or imposing sanctions against a licensee shall not affect other licensed locations unless expressly stated in the order.
Can an agent's license be suspended or revoked by writing primarily controlled business?
Explanation: An agent's license can be suspended or revoked for various reasons, but among the options provided, writing primarily controlled business, replacing an existing insurance policy with a new one, and issuing a binding receipt are not typically grounds for suspension or revocation.
Which of the following activities may result in the revocation or suspension of an agent's license?
They include: Providing incorrect, misleading, incomplete, or otherwise false information in an agent license application. Violating a state insurance law, regulation, or subpoena in the agent's domicile state or any other state. Trying to get licensed through misrepresentation or fraud.
Why is my license suspended for insurance?
California. California's Vehicle Code Section 16070 allows for the suspension of a driver's license if the driver is involved in an accident and fails to meet the financial responsibility requirements. This includes not settling any unpaid insurance claims or judgments arising from the accident.
Which of the following can result in revocation of the station license or suspension of the operator license?
Revocation of the station license or suspension of the operator license may result when correspondence from the FCC is returned as undeliverable because the grantee failed to provide the correct email address. Which of the following is a valid Technician class call sign format?