Texas General Lines — Life, Accident, Health and HMOTexas Statutes and Rules Common to Life, Accident, Health and HMOEasy
A licensed agent moves to a new residential address. According to Texas regulations, how soon must the agent notify the Commissioner of Insurance of this change?
- AWithin 30 days
- BWithin 15 days
- CWithin 10 days
- DWithin 60 days
Show answer & explanationAnswer & explanation
Correct answer: A. Within 30 days
Texas law requires a licensed agent to notify the Commissioner of Insurance of any change of mailing address or residential address within 30 days of the change.
Why the other options are wrong
- B. 15 days is not the correct timeframe for address changes in Texas.
- C. 10 days is too short; this period is often for reporting criminal convictions.
- D. 60 days is too long; this period might apply to other types of notifications, but not address changes.
Agent Address Change Notification
The requirement for a licensed insurance agent to inform the state's insurance department of any change to their mailing or residential address.
- Mandatory regulatory requirement
- Ensures proper communication from TDI
- Specific timeframe for notification
Memory trick: A new home needs notice within a month, or you're 'out of touch'.