State RegulationsCO specificDifficulty 1/5
A licensed Colorado producer moves her office from Boulder to Denver. Under C.R.S. § 10-2-412, what must she do?
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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 of an address change within 30 days. The Division must be able to reach licensees for renewal notices, inquiries, and disciplinary matters, so the address of record must stay current.
Why the other options are wrong
- A) The duty to notify falls on the licensee under C.R.S. § 10-2-412, not on the insurer the producer represents.
- B) An address change does not require reexamination; only written notification within 30 days is required.
- C) 90 days is too long — C.R.S. § 10-2-412 sets a 30-day written-notification deadline.
Memory hook
New address? Tell the Division in writing within 30 days.