What happens to a broker who continually fails to maintain compliance with state regulations?

When a broker consistently fails to maintain compliance with state regulations, the potential outcome includes facing possible revocation of their license. This indicates that regulatory authorities are tasked with overseeing adherence to laws pertaining to insurance practices. Should a broker demonstrate a pattern of non-compliance, it prompts a significant review of their standing and operations.

The regulatory body has the authority to take various measures against a broker, which could include fines, penalties, or even more severe actions such as the revocation of the broker's license to practice. However, the use of the term "possible" is crucial, as it highlights that while revocation can occur, it may not be automatic and may depend on the severity and frequency of the infractions.

By emphasizing possible revocation, this option acknowledges that while non-compliance has serious consequences, brokers may also have opportunities to correct their behaviors and potentially avoid losing their license entirely.