A license can be denied if the producer is believed to be writing controlled business in the next how many months?

A license can be denied if there is a belief that the producer is writing controlled business within the next 12 months. This regulation is in place to prevent conflicts of interest and to ensure that producers are not primarily profiting from their own policies or the policies of their relatives, which could lead to unethical practices. The 12-month window allows regulatory bodies to assess the likelihood of controlled business being written shortly after the license is granted. If a producer is found likely to engage in this practice, it raises concerns about the integrity of the insurance market and the potential for adverse effects on consumers. The specific time frame of 12 months is established to give a clear guideline in the licensing process, maintaining fair business practices in the industry.