How many days does a licensee have to notify the Department of Insurance after changing their name or address?

How many days does a licensee have to notify the Department of Insurance after changing their name or address?

• A. 10 days
• B. 30 days
• C. 45 days
• D. 90 days

Answer: (B)

A licensee is required to notify the Department of Insurance within 30 days after changing their name or address. This requirement is set to ensure that the Department maintains accurate and up-to-date records, which is vital for effective communication and administration of licensing matters. Timely notification helps avoid issues related to missed communications, legal notices, and other important correspondences that may be sent to a former name or address. Failing to notify the Department within this timeframe can result in administrative complications or potential penalties, as maintaining current and accurate contact information is essential for compliance with state regulations.

A licensee is required to notify the Department of Insurance within 30 days after changing their name or address. This requirement is set to ensure that the Department maintains accurate and up-to-date records, which is vital for effective communication and administration of licensing matters. Timely notification helps avoid issues related to missed communications, legal notices, and other important correspondences that may be sent to a former name or address.

Failing to notify the Department within this timeframe can result in administrative complications or potential penalties, as maintaining current and accurate contact information is essential for compliance with state regulations.