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The Insurance Department may place on probation, suspend, revoke or refuse to issue or renew an insurance producer license for all of the following reasons, EXCEPT-

A. Violating insurance laws
B. Misappropriating insurance funds
C. Charging excessive commissions
D. Discriminating in the sale of insurance

1 Answer

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Final answer:

The Insurance Department may take disciplinary action for various reasons, but not for discriminating in the sale of insurance.

Step-by-step explanation:

The Insurance Department may place on probation, suspend, revoke or refuse to issue or renew an insurance producer license for all of the following reasons, EXCEPT:

  1. Violating insurance laws
  2. Misappropriating insurance funds
  3. Charging excessive commissions
  4. Discriminating in the sale of insurance

Out of the given options, the one that does not apply is D. Discriminating in the sale of insurance. The Insurance Department has the authority to take disciplinary action against an insurance producer for violating insurance laws, misappropriating insurance funds, and charging excessive commissions.

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