Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Nate Dingler, Client Services Liaison with Insurance Licensing Services of America, Inc. (ILSA) shares his dos and don’ts for address changes at the state insurance departments. His secret for success: Don’t wait until your renewal is due to notify the DOI of an address change. First, there’s usually a 30-day deadline to notify; and second, having an incorrect address on record can actually delay your renewal.
And if you only learn one thing from this podcast, let it be this: You have to notify ALL states when you move, not just your resident state’s Department of Insurance!