Which of the following is NOT a Federal punishment for unfair and deceptive insurance practices?

The correct choice identifies community service as not being a federal punishment for unfair and deceptive insurance practices. The federal government typically employs regulatory measures to address issues of unfair or deceptive practices in the insurance industry, primarily focusing on financial penalties and compliance actions.

Fines serve as a monetary punishment imposed on offenders as a deterrent to engage in unlawful practices. License suspension and cease and desist orders are regulatory actions intended to restrict or halt activities that violate laws or regulations. License suspension temporarily removes an individual's or entity's ability to operate legally within the insurance market, while cease and desist orders command individuals or companies to stop engaging in specific harmful activities to protect consumers.

Community service, however, is more commonly associated with criminal sentencing rather than regulatory actions in the insurance sector. It is not a punitive measure utilized at the federal level for insurance-related infractions, thereby making it the correct choice in this context.