P&CNJmedium
Under DOBI's producer licensing enforcement authority, which of the following is a recognized ground for suspending or revoking a property and casualty producer license in New Jersey?
ASelling more than ten policies in a calendar quarter to family members without DOBI pre-approval
BQuoting premiums lower than the producer's prior-year average rate for comparable risks
Using fraudulent or dishonest practices in the conduct of insurance business
DFailing to attend an optional NAIC trade conference held outside of New Jersey
Why this is the answer
N.J.S.A. 17:22A-40 (the NJ Producer Licensing Act) lists fraudulent, coercive, or dishonest practices, untrustworthiness, and financial irresponsibility among grounds for license discipline. The Commissioner acts after notice and an OAL hearing under the APA.
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