Which statement is NOT a requirement for licensure as an insurance intermediary?

• A. Intends to do business as an intermediary
• B. Has not filed for bankruptcy within the last 3 years
• C. Is competent and trustworthy
• D. Intends to abide by Wisconsin Insurance Law in writing controlled business

Answer: (B)

Licensure as an insurance intermediary focuses on whether you intend to operate in that role, demonstrate sufficient character and ability, and commit to following the relevant insurance laws, especially in areas like controlled business. Being able to show you intend to do business as an intermediary, that you are competent and trustworthy, and that you will abide by Wisconsin Insurance Law in writing controlled business are the practical criteria used to assess suitability for licensure. The idea of not filing for bankruptcy within the last three years is not a stated requirement for licensure in this context; having a bankruptcy on record does not automatically disqualify you if the other criteria are met and the law allows it.