Question

A resident agent who moves out of the state of North Carolina has ___ Business days to notify the commissioner of insurance of the address change.

A) 10 days.
B) 15 days.
C) 20 days.
D) 30 days.

Answer 1

A resident agent who moves out of the state of North Carolina has 30 business days to notify the commissioner of insurance of the address change.

Step-by-step explanation:

The correct answer is D) 30 days.

When a resident agent moves out of the state of North Carolina, they have 30 business days to notify the commissioner of insurance of the address change. This is important because the commissioner needs to have the agent's current contact information on file for any necessary communication.

It's crucial for resident agents to comply with this requirement, as failing to notify the commissioner within the specified time frame may result in penalties or the suspension of their license to sell insurance in North Carolina.