What action may the Bureau of Insurance take when it finds that a license applicant is not competent or untrustworthy?

When the Bureau of Insurance finds that a license applicant is not competent or untrustworthy, the appropriate action is to decline to issue the license. This decision is based on the fundamental principle that life insurance involves financial responsibilities and a duty of care toward clients. Ensuring that individuals who are granted licenses possess both the necessary knowledge and ethical standards is critical to maintaining the integrity of the insurance industry.

Declining to issue a license protects consumers from potentially harmful practices by individuals who may not have the required skills or trustworthiness. It reinforces the Bureau's commitment to only allowing qualified professionals to sell insurance products and provide services to the public. This action also upholds regulatory standards that prioritize consumer protection, ensuring that only those who can demonstrate reliability and competence are permitted to operate within the insurance market.