Massachusetts Life Producer Practice Exam

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Who is obligated to inform the Superintendent of a change in address?

  1. The insurance company

  2. Policyowner

  3. Licensee

  4. State insurance department

The correct answer is: Licensee

The obligation to inform the Superintendent of a change in address rests with the licensee. In the context of insurance producers, they are required to keep their licensure information updated, which includes their address. This ensures that the regulatory body has accurate records of all licensed individuals, facilitating communication and compliance with state regulations. The responsibility lies with the licensee because they are the ones conducting business and are accountable for ensuring that their licensing information is current. This adherence to regulatory requirements is vital for maintaining their license and avoiding potential penalties.

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