Cause for Suspension (SB 618 Section 4,
CIC 1688.1)

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.