What must accompany an application for the continuation of an insurance producer license?

The continuation of an insurance producer license requires specific documentation to ensure that the license holder maintains their qualifications and complies with ongoing obligations. The correct answer is that the application must be accompanied by the applicable continuation fee and a continuing education statement.

This requirement is in place because continuing education helps ensure that insurance producers stay up-to-date with industry changes, regulations, and best practices, which is essential for effective consumer protection and professional competence. The applicable continuation fee is necessary to fund the licensing process and administrative costs associated with maintaining the licensing system.

The other options do not align with the standard requirements for license continuation. A personal statement, a copy of the previous license, or a reference letter, while they might be useful in certain contexts, do not fulfill the specific obligations set by regulatory authorities for maintaining an active insurance producer license.