83.2k views
3 votes
Which of the following would not result in license suspension?

1) Selling a product for which one is not licensed
2) Calling another agent or adjuster a crook
3) Representing a policy truthfully
4) Making false entries on an insurance application

1 Answer

4 votes

Final answer:

Representing a policy truthfully does not result in license suspension; it is a proper conduct. A city limiting licenses and requiring safety tests are government-enforced barriers to entry.

Step-by-step explanation:

In response to the question about which actions would not result in license suspension, the specific instance from the choices would be representing a policy truthfully. Representing a policy truthfully is typically an expected and rightful activity for anyone involved in insurance and does not lead to license suspension or penalties. In contrast, selling a product for which one is not licensed, calling another agent or adjuster a 'crook', and making false entries on an insurance application are all practices that could potentially lead to disciplinary actions including license suspension.

Classifications

  • a. Government-enforced barrier to entry: A city limits the number of taxicab licenses.
  • b. Government-enforced barrier to entry: A requirement for taxicab drivers to pass a driving safety test and have insurance.
  • c. Non-government barrier to entry: A well-known trademark creates brand recognition that could deter new entrants.

Illegal Job Interview Question

Within the United States, it is illegal to ask a job applicant which state they were born in, as this can be an indication of an individual's national origin, which is a protected class under federal employment laws.

User Bdkosher
by
6.9k points