Florida Life and Health Insurance License Practice Test

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What corrective action might be ordered for an agent who made an improper annuity sale?

License revocation
Mandatory training
Pay monetary restitution to the client
Public apology

The correct answer is: Pay monetary restitution to the client

If an agent makes an improper annuity sale, the most appropriate corrective action would be to order them to pay monetary restitution to the client. This is because the agent's actions resulted in financial harm to the client, and it is important for the client to be compensated for their losses. Options A and B (license revocation and mandatory training) may also be considered, as they would serve as a form of punishment for the agent and aim to prevent future misconduct. However, they do not directly address the harm caused to the client. Option D (public apology) may be seen as a gesture of remorse, but it does not address the financial aspect of the situation. Therefore, option C is the most suitable choice for correcting the agent's improper annuity sale.