Question

Insurers are responsible for submitting an appointment notice to the commissioner within _______ days of an agent's appointment or submission of the first insurance application.

A) 15
B) 30
C) 45
D) 60

Answer 1

Insurers are responsible for submitting an appointment notice to the commissioner within 30 days of an agent's appointment or submission of the first insurance application.

The correct answer is B) 30 days.

Step-by-step explanation:

Insurers are responsible for submitting an appointment notice to the commissioner within 30 days of an agent's appointment or submission of the first insurance application. This is an important requirement to ensure that the commissioner has up-to-date information about the appointment of agents and the submission of insurance applications.

For example, if an agent is appointed by an insurance company on January 1st, the insurer must submit the appointment notice to the commissioner by January 31st.

The correct answer is B) 30 days.