Life License Qualification Program (LLQP) Practice Exam

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Prepare for your Life License Qualification Program (LLQP) Exam. Study with flashcards and multiple choice questions, enhanced with hints and explanations. Master the content to excel in your exam!

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Which action would NOT result in the suspension of an agent's license?

Forging a name on an application
Intentionally misrepresenting a policy
Acting with fiduciary responsibility
Being convicted of a felony

The correct answer is: Acting with fiduciary responsibility

Acting with fiduciary responsibility is an essential obligation for an insurance agent, reflecting a duty to act in the best interest of clients. This standard of conduct emphasizes honesty, integrity, and the proper handling of clients’ funds. When agents fulfill this responsibility, they help ensure that their actions are aligned with ethical practices and regulatory requirements, fostering trust and safeguarding client interests. In contrast, the other actions mentioned, such as forging a name on an application, intentionally misrepresenting a policy, and being convicted of a felony, are serious violations of ethical and legal standards that can lead to disciplinary action, including the suspension of an agent's license. Thus, acting with fiduciary responsibility is the only action among the options presented that would not lead to suspension, highlighting the importance of ethical compliance in the profession.