Which of the following statements about the termination of a license is true?

The statement regarding termination of a license that is accurate is that it can occur if educational requirements are not met. In many licensing frameworks, including those related to real estate or other professional licenses, continuing education is often mandated to ensure that licensees stay current with industry practices, regulations, and standards. If a licensee fails to fulfill these educational obligations within the specified time frame, their license may be suspended or revoked, signifying that maintaining the license is contingent upon completing required educational courses.

The other statements do not hold true in the context of license termination. For example, the idea that termination happens automatically every year does not reflect the reality that termination generally occurs due to specific infractions or failures, such as not meeting ongoing education requirements or lapses in ethical conduct. The assertion that termination is final and cannot be contested overlooks the possibility of appeal or reinstatement procedures that often exist in licensing regulations. Finally, suggesting that only the insurance company can initiate a license termination ignores the various regulatory bodies or boards that are typically responsible for overseeing licensing issues, rather than solely the insurance company’s influence.