L&HMAmedium
Which sanction is most directly authorized against a Massachusetts producer who knowingly fails to comply with the disclosure and notice requirements of 211 CMR 34.00?
AAutomatic rescission of every policy the producer has ever sold
BMandatory criminal felony prosecution by the U.S. Attorney
DOI discipline such as license suspension and fines
DLoss of the producer's FINRA registration only
Why this is the answer
Knowing violations of 211 CMR 34.00 expose the producer to Massachusetts Division of Insurance administrative discipline, including license suspension or revocation, civil monetary penalties, and orders to make restitution to affected Massachusetts consumers.
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