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What happens to an agents license after all notices of appointment have been terminated?
(b) Upon the termination of all appointments, or all endorsements naming the licensee on the license of an organization licensee, and the cancellation of the bond required pursuant to Section 1662 if acting as a broker, the permanent license shall not be canceled, but shall become inactive.
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 agents license can be suspended or revoked.
When an insurer terminates an agents appointment it must notify the superintendent?
When an insurance agents appointment is terminated, it is a requirement by law that the insurer informs the superintendent about this termination. This notification is essential to ensure that regulatory bodies are aware of changes within the insurance industry and can update their records ingly.
When an agents appointment has been terminated, the insurer must notify the director within how many days?
14 : an insurer terminating appointment or contract with an insurance producer shall notify commissioner within 30 days after such termination.
How do I cancel my insurance license in California?
To cancel or surrender your license complete the License Cancellation Request form (LIC CC2). Follow the submission instructions on the form. Please allow seven to ten business days for processing.
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