California Insurance License Exam Practice Test Practice Question
Failure to report background changes within 30 days as required under Section 1729.2 of the California Insurance Code could subject a licensee or applicant to
Correct Answer: D
Rationale: Failure to report background changes within 30 days as required by Section 1729.2 of the California Insurance Code can lead to serious consequences. Option A, Suspension, is a potential consequence, but it is not the only one. Option B, Denial, refers to the possibility of an application being rejected due to non-compliance. Option C, Revocation of the license, indicates a more severe penalty where an existing license can be taken away. Since all these actions—suspension, denial, and revocation—are possible outcomes for non-reporting, the most comprehensive answer is D, encompassing all potential repercussions.
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