Who has the authority to revoke or refuse an insurance agent's license?

The authority to revoke or refuse an insurance agent's license lies with the Insurance Commissioner. This individual is responsible for enforcing insurance laws and ensuring that agents comply with regulations. The Commissioner has the power to evaluate the conduct of insurance agents and determine whether their actions are in line with legal and ethical standards. If an agent engages in fraudulent behavior, fails to meet licensing requirements, or otherwise violates regulations, the Insurance Commissioner can take appropriate action, including revoking or refusing to renew their license.

In contrast, an Insurance Underwriter's role focuses on assessing risk and determining how much coverage an applicant should receive and at what premium. Insurance Brokers act as intermediaries to help clients find the best insurance products but do not have regulatory authority. The State Financial Officer typically oversees financial regulation and fiscal matters but does not specifically manage the licensing of insurance professionals. Therefore, the Insurance Commissioner is the correct authority in this context.