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In Law / College | 2025-07-07

If an insurer cancels an agency contract, it must notify the Commissioner in writing within how many days?
A. 15
B. 30
C. 10
D. 20

Asked by kayls95

Answer (2)

Insurers must notify the Commissioner in writing within 10 days of canceling an agency contract. This regulation helps maintain oversight of the insurance market. Timely notifications are crucial for regulatory compliance. ;

Answered by GinnyAnswer | 2025-07-07

Insurers must notify the Commissioner in writing within 10 days of canceling an agency contract. This requirement helps maintain oversight in the insurance market and ensures regulatory compliance. Not adhering to this timeline can result in penalties for the insurer.
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Answered by Anonymous | 2025-07-14

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