What is the maximum period of time the commissioner may revoke your agent's license?
Asked by: Eveline Collins | Last update: August 16, 2025Score: 4.2/5 (40 votes)
Who can revoke your insurance license in Texas?
An agent's license can be suspended or revoked by a state insurance commissioner or a court judge.
What is the maximum length a temporary license issued by the commissioner may last?
If NOT a temporary license for an entity can be issued in the entity name. Temporary licenses are issued in intervals of 90 days and can be issued for a period NO GREATER than 15 months from the date of death.
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.
Under which circumstances may the commissioner of insurance suspend, revoke, or refuse to renew the license of an agent?
Final answer: The Commissioner of Insurance has the authority to suspend, revoke, or refuse to renew the license of an agent based on criteria such as criminal conviction, fraudulent behavior in the procurement of the license, insolvency or inactivity.
Power of Attorney Revoking Tips
Which of the following would be a valid reason for suspending or revoking an insurance agent license?
Final answer: Valid reasons for suspending or revoking an insurance producer's license include writing primarily controlled business and involvement in dishonesty or fraud related to insurance activities.
What is a reason your insurance may be revoked?
Insurers can cancel policies or choose not to renew at the end of a policy term. Non-renewal can occur after multiple accidents or filing too many claims. At the same time, more immediate cancellations can result from serious issues like loss of driving privileges or insurance fraud.
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.
Who can revoke an agent's 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.
Can suspend or revoke a sales agent's license under a DTPA violation?
The Texas Real Estate Commission (TREC) has the authority to suspend or revoke a sales agent's license under violation of the Deceptive Trade Practices Act (DTPA).
Why would the commissioner of insurance issue a temporary license?
The Commissioner may issue a temporary license as a producer of insurance to any of the following for 180 days or less without requiring an examination if the Commissioner believes that the temporary license is necessary to carry on the business of insurance: (a) The surviving spouse, personal representative or ...
Which of the following is not a duty of the commissioner?
Final answer: The Commissioner does not typically have the duty to create state insurance laws, which usually falls under the legislative branch of government. Other duties, such as issuing insurance licenses, handling consumer complaints, and enforcing state laws, are within the Commissioner's roles.
What is a 180 day temporary license Virginia?
After you complete driver's education, your instructor will issue you a Virginia Driver Training Certificate (DTS B or TDL-180). When accompanied by a valid learner's permit, the DTS B or TDL-180 is a valid driver's license for 180 days from the eligibility date shown on the certificate, or until you turn age 18.
What is required of an agent whose license has been revoked?
A producer whose license has been revoked or suspended by order, or who forfeited a license in connection with a disciplinary matter, should be required to make a written request to the insurance commissioner for reinstatement or reissuance in accordance with the terms of the order of revocation or suspension or the ...
Which of the following is not a reason for the commissioner to revoke a producer's license?
Final answer: The option that is NOT a reason for revoking a producer's license is offering a client a return of commission in exchange for a sale. This practice, while unethical, may not necessarily lead to revocation unlike twisting or publishing false information.
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.
When can a principal revoke an agent's authority?
Revocation By The Principal
The principal can revoke a POA at any time while mentally competent. Revocation requires written notice to the agent, and in some cases, notifying third parties involved may be necessary. Failure to formalize a revocation may lead to disputes.
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.
Which of the following is a reason for revoking a physician's license?
Reasons for Revocation
These include dishonorable, unethical, or unprofessional conduct, immoral conduct, and gross negligence.
What is revocation of authority of an agent?
The authority of an agent may be revoked at any time by the principal. However, unilateral revocation otherwise than in accordance with the provisions of the agency agreement may render the principal liable to the agent for breach of the agency agreement.
Which of the following terminates an agent's actual authority?
An agent's actual authority terminates (1) as agreed by the agent and the principal, subject to the provisions of § 3.10; or (2) upon the occurrence of circumstances on the basis of which the agent should reasonably conclude that the principal no longer would assent to the agent's taking action on the principal's ...
When can an agent disobey a principle?
An agent has power to disobey instructions in dealing with the subject of the agency, in cases where it is clearly for the interest of his principal that he should do so, and there is not time to communicate with the principal.
Can insurance revoke your license?
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 would be valid reason for suspending or revoking an insurance producer's license?
Final answer: The most valid reason for suspending or revoking an insurance producer's license from the given options is the producer's misappropriation of money held in a fiduciary capacity. It signifies a breach of trust and potential criminal conduct.
What is the act of revoking or terminating an insurance policy called?
Cancellation is the act of revoking or terminating ones insurance policy.