What action may the Commissioner take if an intermediary fails to complete the required CE credits?

What action may the Commissioner take if an intermediary fails to complete the required CE credits?

• A. License Revocation
• B. Monetary Forfeiture
• C. License Suspension
• D. Disciplinary Action/Fine

Answer: (A)

The Commissioner has the authority to take significant action if an intermediary fails to complete the required Continuing Education (CE) credits, with license revocation being one of the strongest possible sanctions. License revocation would mean that the intermediary is no longer authorized to engage in activities that require that license. This action is typically reserved for serious violations or repeated non-compliance with regulations, including failing to meet educational requirements necessary for maintaining licensure. This measure serves to enforce the importance of ongoing education in the insurance industry, ensuring that intermediaries stay updated on laws, regulations, and best practices. By revoking a license, the Commissioner not only penalizes non-compliance but also protects consumers by ensuring that only qualified individuals are able to sell or advise on insurance products.

The Commissioner has the authority to take significant action if an intermediary fails to complete the required Continuing Education (CE) credits, with license revocation being one of the strongest possible sanctions. License revocation would mean that the intermediary is no longer authorized to engage in activities that require that license. This action is typically reserved for serious violations or repeated non-compliance with regulations, including failing to meet educational requirements necessary for maintaining licensure.

This measure serves to enforce the importance of ongoing education in the insurance industry, ensuring that intermediaries stay updated on laws, regulations, and best practices. By revoking a license, the Commissioner not only penalizes non-compliance but also protects consumers by ensuring that only qualified individuals are able to sell or advise on insurance products.