We appreciate your visit to All of the following are violations that may lead the insurance Commissioner to suspend or revoke a license EXCEPT A Improperly withholding or misappropriating any. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
Being convicted of a misdemeanor does not typically lead to the suspension or revocation of an insurance license. Misappropriation of property, intentionally misrepresenting insurance policy terms, or having a license suspended or revoked in another jurisdiction could lead to the withdrawal of a license.
Explanation:
The answer to your question is c) Having been convicted of a misdemeanor. This is because the insurance laws and regulations typically revolve around the business practices of insurance companies and brokers, rather than their personal legal records. The three other mentioned offenses - improperly withholding or misappropriating property received in the course of doing insurance business, intentionally misrepresenting the terms of an insurance policy, and having an insurance producer license denied, suspended, or revoked in another jurisdiction - are all examples of situations where business practices are being compromised and could lead to the suspension or revocation of a license.
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