Question

15 which of the following life insurance agents is least likely to have their license revoked?
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a.○ dawson, who is guilty of fraud
b.○ myles, who made a material misstatement in his application for licence renewal
c.○ clayton, who is guilty of a negligent act
d.○ archer, who is incompetent and untrustworthy in his business transactions
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Explanation:

To determine which agent is least likely to have their license revoked, we analyze each option:

• Option a: Fraud is a serious violation that often leads to license revocation.
• Option b: A material misstatement in a license renewal application is a significant breach of licensing requirements and likely results in revocation.
• Option c: A negligent act is less severe compared to fraud, material misstatement, or being incompetent and untrustworthy in business transactions. Negligence implies an unintentional error or oversight, while the other options involve more serious or intentional/untrustworthy behavior.
• Option d: Being incompetent and untrustworthy in business transactions is a serious issue that can lead to license revocation as it undermines the integrity of the insurance business.

So, Clayton (option c) is least likely to have the license revoked as a negligent act is generally less severe than the violations in other options.

Answer:

c. Clayton, who is guilty of a negligent act