(a) A licensee shall inform the Commissioner of a change of the licensee’s residential or business address within 30 days of the change of address. A nonresident insurance producer who moves from one state to another state or a resident insurance producer who moves from the District to another state shall file a change of address and provide certification from the new resident state within 30 days after the change of residence. No fee or license application shall be required.
(b) A licensee shall inform the Commissioner of a change of the licensee’s legal or corporate name within 30 days after the change of name.
(c) Failure to timely inform the Commissioner of a change in legal name or address shall result in a penalty as prescribed by the Commissioner.
(d) A person licensed as an insurance producer in another state who moves to the District shall make application within 90 days of establishing legal residence to become a resident licensee under § 31-1131.06 unless the person maintains his principal place of business in another state and the person has a resident insurance producer license in that state.
(Mar. 27, 2003, D.C. Law 14-264, § 8a; as added May 13, 2008, D.C. Law 17-155, § 2(j), 55 DCR 3683.)
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 11A - Insurance Producers
§ 31–1131.03. License required
§ 31–1131.04. Exceptions to licensing
§ 31–1131.05. Examination prior to licensure
§ 31–1131.05a. Pre-licensing education
§ 31–1131.05b. Pre-licensing education for title insurers
§ 31–1131.06. Application for resident insurance producer license
§ 31–1131.07a. Term of license; renewal
§ 31–1131.07b. Continuing education
§ 31–1131.08. Nonresident licensing
§ 31–1131.08a. Changes of name, residency, or address
§ 31–1131.09. Exemption from examination and prelicensing education
§ 31–1131.11. Temporary licensing
§ 31–1131.12. License denial, nonrenewal, suspension, or revocation
§ 31–1131.15. Notification to Commissioner of termination