Which of the following statements about a resident life-only agent licensing is incorrect?
A. A licensee has 30 days to update a change in address.
B. Licensees are required to have an in-state residential address.
C. Loss of a previous professional license could result in the automatic denial of the
life-only license application.
D. A plea of nolo contendere is considered a conviction, thus it could hinder attempts
to obtain a life-only license.
Ans: A. A licensee has 30 days to update a change in address.
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