State RegulationsCO specificDifficulty 1/5
An Aurora agency principal relocates her insurance office to a new address within the same city. Under C.R.S. § 10-2-412, how quickly 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 in writing within 30 days of any change in their address. The notice keeps the licensee's contact information current for Division communications, and the 30-day written requirement applies whether the licensee moves across the state or across the street.
Why the other options are wrong
- B) The statute requires written notice within 30 days; a telephone call within 10 days satisfies neither the form nor the timing.
- C) 45 days is the default premium-remittance window under C.R.S. § 10-2-704, not the address-change deadline of C.R.S. § 10-2-412.
- D) 90 days is too long, and the notice obligation runs directly to the Commissioner, not through an appointing insurer.
Memory hook
New address? Write the Division within 30 days.