What must a producer notify the insurance bureau about within 30 days of a change?

A producer is required to notify the insurance bureau about a change of name and address within 30 days to ensure that the regulatory agency has up-to-date information for record-keeping and communication purposes. This requirement allows the bureau to maintain accurate records of licensed producers, which is essential for the integrity of the insurance market. Keeping accurate contact details also facilitates the producer's compliance with legal obligations and improves communication with clients and regulatory entities.

Changes in email address, type of insurance sold, or financial status, while important, do not typically carry the same regulatory urgency that name and address changes do. Therefore, the emphasis is placed on notifying the bureau about such changes to maintain clear lines of communication and ensure compliance with state regulations.