Prohibited practices
Temporary Suspension of agent license upon felony charge
This may sound familiar because it is similar to something that was discussed earlier. A couple pages ago, we discussed how an agent is required to notify the Department in writing within 30 days of a plea of guilty or nolo contendere to a felony or a crime punishable by a year or more in prison. Here, we are just talking about the charge - so the person has not even entered a plea yet. If an agent is charged with a felony, the Department may temporarily suspend the agent's license until the agent is convicted or adjudication is withheld.
This is not the last time that you will see the felony mentioned. It will come up again in a moment, which, of course, means you need to know about it.
Denial, suspension, revocation, or refusal to renew or continue license or appointment
This is basically a list of things you can do to get yourself in trouble and have your insurance license suspended, revoked, application denied, or refusal to renew a license or appointment:
- Violation of any provision of the insurance code or of any insurance laws
- Failure to pay to any insurer any money belonging to the insurer (which means pocketing premiums)
- Engaging in twisting
- Engaging in unfair or deceptive acts or practices
- Willfully over-insuring any property or health insurance risk
- Having been found guilty of or having pleaded guilty or nolo contendere to a felony or a crime punishable by imprisonment of one year or more, regardless of whether a judgment of conviction has been entered by the court.
- Violation of the code of ethics
- Cheating on the licensing exam (obviously)
- Failure to notify the Department in writing within 30 days after pleading guilty or nolo contendere to a felony or a crime punishable by imprisonment of one year or more, regardless of whether a judgment of conviction has been entered by the court.
- Knowingly aiding or abetting any person in the violation of the insurance code or any order or rule of the Department, Commission, or OIR.
- Failure to comply with the child support enforcement program.