New Jersey Life Insurance Exam Practice Question
The New Jersey Banking and Insurance Commissioner may revoke, suspend, or refuse to renew the license of a producer who
Correct Answer: D
Rationale: Option D is accurate as a felony conviction directly impacts a producer's trustworthiness and fitness to operate in the financial sector, justifying license revocation or suspension.
Option A is incorrect; while inactivity may raise concerns, it does not automatically warrant license action.
Option B is also not a valid reason, as membership in a producer's association is not a licensing requirement.
Option C is misleading; having no appointments may affect a producer's ability to operate but does not necessarily lead to license revocation or non-renewal.
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