State RegulationsNY specificDifficulty 2/5
A Buffalo licensee changes offices, moves to a new residence, and begins using a new email address for Department correspondence. Under N.Y. Ins. Law §2134, what must be reported?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under N.Y. Ins. Law §2134 and the departmental regulations (Reg 5, Part 21.4; Reg 6, Part 22.3; and Reg 7, Part 23.4 for the various licensee types), licensees must keep the Superintendent informed of every address change, expressly including email addresses. DFS sends hearing notices, renewal materials, and disciplinary documents to addresses of record, so stale contact data can mean missed deadlines and default actions.
Why the other options are wrong
- A) The duty is not limited to the business address; residence and email changes are covered as well.
- B) Email addresses count as addresses for reporting purposes under the current New York requirements.
- C) Waiting for renewal is too late - changes must be reported when they occur, not at the next renewal cycle.
Memory hook
Move, move, or new inbox - every address goes to the Superintendent.