Texas General Lines — Life, Accident, Health and HMOTexas Statutes and Rules Common to Life, Accident, Health and HMOMedium
A life insurance agent in Texas experiences a change in their residential address. According to Texas insurance regulations, within how many days must the agent notify the Commissioner of the change?
- A30 days
- B15 days
- C60 days
- D10 days
Show answer & explanationAnswer & explanation
Correct answer: A. 30 days
Texas law requires a licensed agent to notify the Commissioner of Insurance of any change in their residential or business address within 30 days of the change. Failure to do so can result in penalties.
Why the other options are wrong
- B. This is incorrect; 15 days is not the specified timeframe.
- C. This is incorrect; 60 days is too long and would be a violation.
- D. This is incorrect; 10 days is too short for an address change notification.
Agent Address Change Notification
Texas-licensed agents must promptly notify the Commissioner of Insurance of any changes to their residential or business address.
- Applies to both residential and business address changes.
- Notification must be made to the Commissioner of Insurance.
- Specific timeframe for notification is mandated.
Memory trick: New address, thirty days, Commissioner's notice always pays.