What action should be taken if your license has been revoked?

When a license has been revoked, returning it to the Commissioner is a necessary step in acknowledging the revocation and complying with regulatory requirements. This act demonstrates a recognition of the authority of the department overseeing insurance licenses in Tennessee and reflects an understanding that the license is no longer valid for conducting insurance business.

Ignoring the situation could lead to further legal complications, including penalties for practicing without a valid license. Selling the revoked license is not permissible or legal, as it does not resolve the status of the license and could lead to more severe consequences. Reapplying immediately without taking the proper steps can also be premature, as there may be specific conditions or waiting periods imposed by the regulatory body before reapplication is appropriate.

Returning the revoked license is a proactive and responsible way to handle the situation, ensuring that all actions taken are in accordance with the law and the established procedures of the Commissioner’s office.