In what situation might an agent's license be revoked?

An agent's license may be revoked if they are found guilty of violating insurance codes. This is a serious infraction, as insurance codes are designed to protect consumers and ensure that all transactions are conducted fairly and ethically. Violations can include acts of fraud, misrepresentation, or other unethical practices that undermine the integrity of the insurance industry. Regulatory bodies have the authority to revoke a license to maintain public trust and ensure that only qualified individuals operate in the field.

Other options, such as changing an address or failing to sell a certain number of policies, do not typically warrant a revocation of a license as they are not inherently unethical or illegal actions. The closure of an agency, while it may affect an agent’s ability to operate, does not directly lead to revocation of an individual’s license unless it is tied to misconduct or violation of laws. Therefore, the most clear-cut situation that can lead to the revocation of an agent's license is a violation of established insurance codes.