If a licensee changes their residential address, how long do they have to notify the Commissioner?

A licensee is required to notify the Commissioner of any changes to their residential address within a time frame of 10 days. This requirement is established to ensure that the Commissioner has up-to-date contact information for all licensees, which is crucial for effective communication and regulatory compliance. Keeping accurate records of a licensee’s address helps maintain the integrity of the licensing system and ensures that important notices and documents can be reliably sent and received.

The specified 10-day period reflects the importance of timely updates in the insurance industry, where rapid changes in circumstances can affect licensing status, communications, and overall accountability. This timeframe allows the Commissioner to manage business processes effectively, protecting both the licensees and the public interest.