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Maryland Laws and Rules

Question 4:
Which of the following is NOT a valid reason for a producer's license to be revoked?

A. Rebating a portion of the commission to the insured
B. Defamation
C. Committing fraud
D. Sharing commissions with licensed agents

Sagot :

GinnyAnsweridn

Final answer:

Sharing commissions with licensed agents is not a valid reason for a producer's license to be revoked.


Explanation:

Sharing commissions with licensed agents is NOT a valid reason for a producer's license to be revoked. While the other options such as rebating a portion of the commission to the insured, defamation, and committing fraud are violations of ethical and legal standards in the insurance industry, sharing commissions with licensed agents is a common practice that is regulated but not grounds for revocation.


Learn more about Valid reasons for revoking a producer's license here:

https://brainly.com/question/44374856


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