If an intermediary's license was revoked for nonpayment of fees, what is the earliest time the intermediary may apply for reinstatement?

Prepare for the Aflac Insurance Exam. Study with flashcards and multiple choice questions, each featuring hints and explanations. Ace your exam!

Multiple Choice

If an intermediary's license was revoked for nonpayment of fees, what is the earliest time the intermediary may apply for reinstatement?

Explanation:
When a license is revoked for nonpayment of fees, the action ends the license until the delinquency is cured and the proper reinstatement steps are completed. There isn’t a required waiting period mandated by this type of revocation. The intermediary may seek reinstatement as soon as the revocation has occurred and the outstanding fees are paid (and any other stated requirements are met), by submitting the reinstatement request. In other words, the earliest time to apply is immediately after the revocation takes effect, provided you have resolved the remaining obligations.

When a license is revoked for nonpayment of fees, the action ends the license until the delinquency is cured and the proper reinstatement steps are completed. There isn’t a required waiting period mandated by this type of revocation. The intermediary may seek reinstatement as soon as the revocation has occurred and the outstanding fees are paid (and any other stated requirements are met), by submitting the reinstatement request. In other words, the earliest time to apply is immediately after the revocation takes effect, provided you have resolved the remaining obligations.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy