A licensee can have his/her license denied or revoked by the Commissioner if

• A. the licensee has committed insurance-related fraud or dishonesty
• B. the licensee misses a payment
• C. the licensee changes address
• D. the licensee sells a policy below face value

Answer: (A)

The main idea is that actions compromising honest handling of insurance business can lead to losing a license. When a licensee commits insurance-related fraud or dishonesty, the Commissioner has the authority to deny or revoke the license to protect the public and preserve trust in the industry. Fraud or dishonesty covers things like misrepresentation, forgery, theft, or improper use of premiums, which directly undermine the integrity of insurance transactions. The other scenarios described are not automatically grounds for license denial or revocation: missing a payment is typically an administrative lapse that may result in penalties or a temporary hold rather than an automatic loss of licensure; changing an address is a routine update with no licensure consequence by itself; selling a policy below its face value isn't, on its own, a licensed discipline trigger unless it involves deceptive practices or fraud.