If a licensee has a change in name or address, how long do they have to notify the Department of Insurance?

When a licensee experiences a change in name or address, they are required to notify the Department of Insurance within a specified time frame to ensure that their records remain current and accurate. The correct answer indicates that the notification must take place within 30 days. This requirement is in place to facilitate prompt communication and to ensure that the licensee can continue to receive important updates and documentation related to their licensing status. Staying compliant with this regulation helps maintain transparency within the insurance sector and allows the Department to uphold its regulatory responsibilities effectively. The time limit is set reasonably to give licensees sufficient opportunity to report changes while also ensuring that updates are made in a timely manner.