How long is an intermediary's license effective?

How long is an intermediary's license effective?

• A. Two years from the date of issuance.
• B. Three years from the date of issuance.
• C. It remains effective until revoked, suspended, or limited by the Commissioner.
• D. Until the agent retires.

Answer: (C)

An intermediary's license is effective indefinitely as long as it is not revoked, suspended, or limited by the Commissioner. This means that the license remains valid until the regulatory authority takes action against it for reasons that could include violations of law or misconduct. This provision ensures that licensed intermediaries maintain their credentials unless there is a specific legal reason to withdraw them. The other options suggest specific time frames for the license's validity, which do not apply in Wisconsin's regulatory framework for intermediaries. Such time restrictions would imply a need for renewal or reassessment, which is not the case with the indefinite nature of the intermediary's license until there is a disciplinary action.

An intermediary's license is effective indefinitely as long as it is not revoked, suspended, or limited by the Commissioner. This means that the license remains valid until the regulatory authority takes action against it for reasons that could include violations of law or misconduct. This provision ensures that licensed intermediaries maintain their credentials unless there is a specific legal reason to withdraw them.

The other options suggest specific time frames for the license's validity, which do not apply in Wisconsin's regulatory framework for intermediaries. Such time restrictions would imply a need for renewal or reassessment, which is not the case with the indefinite nature of the intermediary's license until there is a disciplinary action.