State RegulationsCO specificDifficulty 1/5
A licensed producer in Denver moves her agency to a new office across town. Under C.R.S. § 10-2-412, within how many days must she notify the Commissioner of the address change?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
C.R.S. § 10-2-412 requires both individual and agency licensees to notify the Colorado Commissioner of Insurance in writing within 30 days of an address change. Prompt notice keeps the Division's licensee records accurate for service of orders, notices, and license continuation reminders.
Why the other options are wrong
- A) Ten calendar days is the response window for an Examination Request/Comment Form under Regulation 1-1-8, not the address-change notice period.
- B) Twenty calendar days applies to other Division inquiries under Regulation 1-1-8, not to address changes under C.R.S. § 10-2-412.
- C) No 45-day address-change period exists; the statute fixes 30 days for written notice.
Memory hook
New address? Tell the Division in writing within 30 days.