Arizona Adjuster Practice Exam

By what date must a resident producer notify the Director of Insurance after moving?

1. May 15

2. June 1

3. July 1

4. June 15

The correct answer is: June 1

A resident producer must notify the Director of Insurance of a change in address within a specified timeframe to ensure that their licensing information remains current and that they can receive important communications regarding their license. In Arizona, this notification must occur within a 30-day period following the change of address. The June 1 date reflects the compliance requirement that comes into play as it allows for an adequate window of time to ensure that the information is processed and that the producer remains compliant with state regulations. Timely updates are essential for maintaining the legal standing of their practice and for avoiding potential penalties that may arise from failing to inform the regulatory body promptly. Understanding the importance of timely notifications helps emphasize a producer's role in maintaining effective communication with the insurance department, which is crucial for ongoing licensing and regulatory compliance.