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What is the first step Carolyn should take after moving to Albuquerque while maintaining her Arizona producer's license?

Ignore the move since she is a nonresident

Change her license to New Mexico

Notify the Arizona Director of Insurance of her move

The initial action Carolyn should take after moving to Albuquerque, while still holding an Arizona producer's license, is to notify the Arizona Director of Insurance about her relocation. It is vital for licensed producers to keep their licensing authority updated on any changes to their residency status to maintain compliance with state laws and regulations. Failing to notify the regulatory authority could lead to penalties or a lapse in her license status.

By informing the Arizona Director of Insurance, Carolyn ensures that her producer's license remains valid and that she adheres to the legal requirements of her licensing jurisdiction. This notification process is usually outlined in the regulations governing insurance agents and producers, emphasizing the importance of maintaining accurate records.

On the other hand, while options such as changing her license to New Mexico or submitting a new application for an Arizona license may seem relevant, they are not the immediate priority. The focus should be on communication with her current licensing authority first. Ignoring the move is not advisable, as it could lead to repercussions regarding her licensing status.

Submit a new application for an Arizona license

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