A producer became subject to an administrative action by a governmental agency (not the state Department of Insurance). Which of the following would be considered an appropriate action
A producer became subject to an administrative action by a governmental agency (not the state Department of Insurance). Which of the following would be considered an appropriate action
A) The director must suspend the producer's license.
B) The producer must notify the Director within 30 days of the final disposition of the matter.
C) The producer doesn't have to do anything since the administrative action is initiated by an entity other than the Department of Insurance.
D) The producer must surrender his or her license within 90 days
Answer: The producer must notify the Director within 30 days of the final disposition of the matter
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