Texas General Lines — Property and CasualtyTexas Laws and RegulationsMedium
A Texas-licensed insurance agency recently moved its principal place of business. According to Texas law, within how many days must the agency notify the Department of Insurance (TDI) of this change of address?
- A15 days
- B30 days
- C10 days
- D60 days
Show answer & explanationAnswer & explanation
Correct answer: B. 30 days
Texas law requires a licensed insurance agent or agency to notify the Department of Insurance (TDI) of any change of address for their principal place of business within 30 days of the change. This ensures contact information is current for regulatory purposes.
Why the other options are wrong
- A. 15 days is not the standard period for address changes in Texas insurance regulations.
- C. 10 days is typically for reporting felony convictions or certain administrative actions, not address changes.
- D. 60 days is too long for an address change notification.
Texas Licensee Address Change Notification
The period within which a Texas-licensed insurance agent or agency must notify the Department of Insurance (TDI) of a change to their principal business address.
- Ensures accurate contact information for regulatory communication.
- Applies to both individual licensees and agencies.
- Failure to notify can result in administrative penalties.
Memory trick: Keep TDI informed; 30 days for an address transformation.