What type of order does the commissioner issue in cases of unfair practices?

Prepare for the Iowa Surety Bond Test. Study with flashcards and multiple-choice questions, each question has hints and explanations. Boost your exam readiness!

The order that the commissioner issues in cases of unfair practices is a cease and desist order. This type of order is designed to immediately halt any ongoing unfair or deceptive practices. The primary goal of a cease and desist order is to protect consumers and maintain the integrity of the industry by ensuring that the offending party stops their harmful activities. It serves as a proactive measure to prevent further violations and safeguard public interest.

In contrast, revocation typically involves taking away a license or certification due to severe violations or repeated offenses, which is a more extreme action. Compensatory damages are financial awards given to victims but do not directly address the practice of stopping unfair actions. Suspension might temporarily halt a license or activity for a designated period, yet it does not specifically target the immediate cessation of unfair practices like a cease and desist order does. This makes a cease and desist order the most appropriate and effective choice in addressing unfair practices swiftly.

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