What is the effect of non-compliance with continuation fee requirements for an insurance producer's license?

In the context of insurance producer licensing, adherence to continuation fee requirements is crucial for maintaining an active license. If these fees are not paid as required, the consequence is that the license will expire. This means that the insurance producer will no longer have the legal authority to conduct insurance business until the license is reinstated through compliance with the applicable regulations, which often includes paying any overdue fees or fulfilling any other renewal conditions.

This expiration serves as a regulatory measure to ensure that only compliant producers operate within the field, thereby helping to maintain professionalism and accountability within the insurance industry. The other options do not accurately reflect the outcome of failing to comply with continuation fee requirements, as license suspension or filing away do not specifically relate to the direct consequences laid out in regulatory requirements.