Licensees must notify the Commissioner of a change in residence address:

The requirement for licensees to notify the Commissioner of a change in residence address immediately is crucial for maintaining accurate records and ensuring compliance with regulatory standards. This immediacy allows the Commissioner to keep up-to-date information on licensees, which is essential for communication, licensing integrity, and consumer protection.

Prompt notification helps in managing any related administrative processes efficiently, such as renewing licenses, sending crucial regulatory updates, or addressing complaints. The specific timeframe reinforces the importance of keeping the regulatory body informed, which ultimately supports the integrity of the insurance marketplace.

Other choices suggest prolonged timeframes for notification, which can lead to outdated information and potential complications for both licensees and regulators, compromising the reliability of the licensing system. By requiring immediate updates, it ensures that all necessary parties are informed without delay, thereby enhancing overall operational effectiveness in the insurance industry.