Question

If an agent's E&O insurance lapses for nonpayment of renewal fees, which of the following steps are necessary to re-activate the license after the initial 30 days of suspension?

Answer 1

To re-activate the license after the initial 30 days of suspension due to the lapse of E&O insurance, you need to pay any outstanding renewal fees and penalties, obtain a new E&O insurance policy, and submit the proof of insurance to the licensing authority.

Step-by-step explanation:

To re-activate the license after the initial 30 days of suspension due to the lapse of E&O insurance, there are several necessary steps you need to take:

1. Pay any outstanding renewal fees and penalties.
2. Obtain a new E&O insurance policy to ensure coverage is in place.
3. Submit the proof of insurance to the appropriate licensing authority.

Once these steps are completed, your license should be re-activated.