State RegulationsMI specificDifficulty 2/5
A Troy-based producer legally changes her name and relocates her office from Troy to Flint in the same month. Under Michigan law, what must she do?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
M.C.L. 500.1206(5) requires a licensee to notify the Insurance Director within 30 days of a change of name or address, and a producer who changes both reports both within the same 30-day window. Because Michigan producer licenses remain in effect without a fixed expiration while CE is maintained, there is no renewal event that would prompt the update — the producer must act on her own.
Why the other options are wrong
- A) There is no license renewal date to wait for; M.C.L. 500.1206 keeps resident individual producer licenses in effect unless suspended or revoked, so the 30-day notice duty is the only mechanism.
- B) The statute requires a single notice within 30 days; no 90-day spacing rule exists for reporting name and address changes.
- D) Appointing insurers may be told as a courtesy, but the statutory notice duty runs to the Insurance Director under M.C.L. 500.1206(5).
Memory hook
New name, new office — one notice, both changes, 30 days, to the director.