What action may lead to the suspension or revocation of an insurance license?

Disobeying a cease-and-desist order is an action that can indeed lead to the suspension or revocation of an insurance license. A cease-and-desist order is a regulatory measure issued by authorities that prohibits an individual or entity from continuing a particular activity that violates laws or regulations related to insurance operations. When an insurance professional or company ignores such an order, it demonstrates a willful disregard for legal compliance and regulatory authority, which can result in severe penalties, including the loss of their license.

This underscores the importance of adhering to regulations to maintain the integrity and trustworthiness of the insurance profession. By failing to comply with directives from regulatory bodies, individuals compromise not only their own professional standing but potentially the well-being of the clients they serve and the overall stability of the insurance market. Compliance with regulatory oversight is critical to preserving consumer rights and ensuring ethical conduct within the industry.