When must a producer notify the Commissioner of a change in address?

A producer is required to notify the Commissioner of Insurance about any change in address within 30 days. This time frame ensures that communication between the producer and the regulatory body remains uninterrupted and that the producer's contact information is current, which is essential for compliance and for maintaining accurate records. Keeping the Commissioner updated on address changes helps facilitate the proper administration of the insurance laws and ensures that the producer continues to receive important correspondence, including regulatory updates and license renewals.

The other time frames, such as 10, 60, or 90 days, do not align with the established requirement and could lead to non-compliance. Timely notification is critical in the insurance industry, and the 30-day rule strikes a balance between providing producers enough time to manage their affairs while ensuring that the regulators have up-to-date information for oversight purposes.