State RegulationsMI specificDifficulty 1/5
A Michigan producer moves from Grand Rapids to Ann Arbor. Within how many days must the producer notify the director of the change of address?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
M.C.L. 500.1206(5) requires every licensee to notify the director of the Michigan Department of Insurance and Financial Services (DIFS) of a change of name or address within 30 days. Current contact information ensures that continuing education review notices, renewal correspondence, and enforcement communications reach the producer, and failing to file the notice within 30 days is itself a compliance violation.
Why the other options are wrong
- A) A 10-day notice window is not imposed by M.C.L. 500.1206(5); no such shorter deadline exists for address changes.
- C) 45 days overstates the statutory deadline; the Code requires notice within 30 days.
- D) 60 days is double the required window and would leave DIFS records stale; the deadline is 30 days.
Memory hook
Name or address changed? DIFS wants to know within 30 days.