West Virginia Adjusters Practice Exam 2026 - Free Adjuster License Practice Questions and Study Guide

The correct answer is that if the licensee fails to pay the fine within 30 days, his license can be revoked or suspended by the commissioner. This is a serious consequence that underscores the importance of compliance with insurance laws. When a licensee does not address fines or penalties within the specified timeframe, regulatory bodies have the authority to take stricter actions to enforce the law and maintain the integrity of the insurance industry.

While it might seem plausible that another fine could be issued for non-payment, or that the bonding company would be notified, these actions don't directly emphasize the critical nature of adhering to the original regulatory requirements. The possibility of revocation or suspension serves as a strong deterrent, ensuring that licensees take regulatory matters seriously. Keeping the license in good standing is essential for continued operation and credibility within the industry.