State RegulationsCO specificDifficulty 1/5
A Colorado producer relocates her agency to a new address in Colorado Springs. Under C.R.S. § 10-2-412, within how long and in what form must she notify the Commissioner of the change?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
C.R.S. § 10-2-412 requires both individual and agency licensees to notify the Commissioner of Insurance in writing within 30 days of an address change. The notice obligation runs directly to the Colorado Division of Insurance, so telling the insurer or updating a marketing flyer does not satisfy it. Failing to report can leave renewal notices and Division inquiries going to a stale address, which in turn risks missed deadlines for continuation and Division responses.
Why the other options are wrong
- B) The statute requires written notice, not a phone call, and the deadline is 30 days rather than 10.
- C) The deadline is 30 days, and no in-person filing requirement exists at the Division of Insurance.
- D) Notice must go to the Commissioner, not through the insurer, and 45 days exceeds the statutory window.
Memory hook
New address? Write the Division within 30 days.