Which factor does NOT contribute to a license being revoked?

Prepare for the Indiana Life and Health Insurance Sales Test. Access study materials, flashcards, and multiple choice questions with detailed explanations. Successfully pass your exam with confidence!

A license may be revoked for various reasons that typically relate to unethical or illegal conduct. Engaging in fraudulent practices is a clear reason for license revocation, as it undermines the trust and integrity required in the insurance industry. Similarly, delinquency in child support payments is often considered actionable under licensing laws since it demonstrates a disregard for legal obligations.

Not notifying the appropriate regulatory body about name changes can also lead to license revocation because it may hinder effective communication and regulatory oversight, which are essential for maintaining professional standards.

On the other hand, maintaining accurate financial records is a positive behavior that indicates compliance and responsibility in financial dealings. This factor would not contribute to a license being revoked; in fact, it typically supports the maintenance of a license. Proper financial management and accurate record-keeping are critical in demonstrating a licensee's professionalism and integrity in the insurance field.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy