PLPennsylvaniamedium
Which of the following is an enumerated ground for the Pennsylvania Insurance Department to suspend or revoke a producer's license?
AFailure to vote in the most recent statewide election
BEarning more than the state median income from commissions, which PID treats as a per se violation of producer licensing standards
Misappropriation or conversion of money belonging to insurers, insureds, or beneficiaries
DSelling a homeowners policy at the insurer's filed rate
Why this is the answer
40 P.S. § 310.91 lists the grounds on which PID may deny, suspend, revoke, or refuse to renew a producer license. These include providing false information on the application, violating any insurance law or regulation, misappropriating or converting moneys received in the course of insurance business, fraudulent or dishonest practices, and felony convictions. Voting record, income level, and selling at filed rates are not grounds.
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