What is the penalty for failure by an employing producer, insurer, or other custodian to return a license?

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Multiple Choice

What is the penalty for failure by an employing producer, insurer, or other custodian to return a license?

Explanation:
Failing to return a license is an administrative requirement designed to prevent continued unauthorized use and to keep the licensing records accurate. The penalty for not returning the license is set at five hundred dollars, so that amount is the correct answer. The other dollar amounts do not match the statutory penalty.

Failing to return a license is an administrative requirement designed to prevent continued unauthorized use and to keep the licensing records accurate. The penalty for not returning the license is set at five hundred dollars, so that amount is the correct answer. The other dollar amounts do not match the statutory penalty.

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