How long do you have to notify the Commissioner of a change of residency?

The correct duration for notifying the Commissioner of a change of residency is 90 days. This timeframe is established by state regulations to ensure that the Commissioner is kept informed of the residency status of licensed individuals. Timely notification is important for maintaining compliance with licensing requirements and ensuring that all necessary information regarding an agent's or insurer's operations is up to date.

Maintaining current residency information is vital for regulatory oversight, as it impacts where business can be conducted legally and how policies are enforced. Notifying within 90 days provides sufficient time for the Commissioner to process the change and make any necessary adjustments to records, benefiting both the insurer and policyholders.