Which of the following can lead to license suspension or revocation?

Fraudulent practices are a serious violation in the insurance industry and can lead to the suspension or revocation of a life agent's license. Engaging in fraud undermines the trust that is essential for the functioning of the insurance market and can cause significant harm to clients and the industry as a whole. This type of misconduct can include misrepresenting information, manipulating policy terms, or providing false information to clients or authorities. Regulatory bodies take such actions very seriously and implement strict penalties to maintain the integrity of the profession and protect consumers.

The other options, while potentially problematic, typically do not carry the same level of severity in consequences as fraudulent practices. Neglecting paperwork or failing to follow up on claims may result in administrative reprimands or corrective actions rather than outright license suspension or revocation, especially if these issues are not indicative of a pattern of dishonest behavior. Inadequate training sessions, while important for maintaining compliance, are usually addressed through additional training requirements or oversight rather than license penalties.