What is the consequence of failing to meet continuing education requirements?

The consequence of failing to meet continuing education requirements is that the license will lapse. Continuing education is essential for licensed professionals in the insurance industry to ensure they stay updated on laws, regulations, and industry best practices. When a license lapses, it means that the individual cannot legally conduct business until they fulfill the necessary educational requirements and renew their license.

In contrast, other options represent different types of disciplinary actions. A suspension typically occurs for more serious violations, and revocation indicates a more permanent loss of license due to severe ethical or legal infractions. Downgrading a license could imply a reduction in the level of license due to various reasons, but that does not specifically relate to the failure of completing continuing education. In summary, failing to meet continuing education leads to a lapse, halting practice until the necessary requirements are satisfied.