A producer must notify the Insurance Commissioner within how many days of an address change?

Prepare for the Indiana State Life and Health Insurance Exam. Study with comprehensive flashcards and multiple-choice questions, each featuring detailed hints and explanations. Achieve success and ace your exam!

A producer is required to notify the Insurance Commissioner within 30 days of any change of address. This requirement is in place to ensure that the regulatory body maintains accurate records of all licensed producers, which is essential for communication and oversight purposes. Additionally, timely notification helps to prevent any potential lapses in the producer's ability to conduct business and ensures consumers can reach them if necessary.

Other options extend the time frame beyond what is mandated, which does not align with the specific regulatory requirement that aims for prompt updating of contact information. The 30-day notification window strikes a balance between allowing producers the necessary time to update their information and ensuring that the regulatory body can keep its records up to date efficiently.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy