Cause for Suspension

In most states, taking unfair advantage of senior clients in any of the following ways may result in an insurance agent's license being suspended or revoked:

• Loans: Inducing a client to co-sign or make a loan, make an investment, make a gift (including a testamentary gift) or provide any future benefit to the agent through a right of survivorship.

• Agent Beneficiaries: Inducing a client, to name the agent a beneficiary under the terms of a living or testamentary trust or the owner or beneficiary of a life insurance policy or annuity.

• Agent Trustees: Inducing a client to make the agent, or any one related to the agent, a trustee under the terms of a living or testamentary trust. (Note: However, advisers who are also licensed attorneys in any state may be made trustees of living or testamentary trusts if these advisers don't sell insurance to the trustor.)

• Advisers with Power of Attorney: Selling insurance to a client for whom the agent has power of attorney, or using the power of attorney to buy insurance for that client.

• Benefits Payable to Agent's Friend or Family: Inducing a client to provide benefits to anyone related to the agent, a friend or business acquaintance; or the agent's domestic partner.

• Exception: This does not apply if the client is related to the agent or is the agent's domestic partner.