Florida statutes require licensees to notify the Department in writing within _____ days after a change of name, residence address, principal business street address, or mailing address.

Florida statutes require licensees to notify the Department in writing within _____ days after a change of name, residence address, principal business street address, or mailing address.

• A. 45
• B. 60
• C. 30
• D. 90

Answer: (B)

The Florida statutes require insurance licensees to notify the Department in writing within 60 days after a change in their name, residence address, principal business street address, or mailing address. This timeframe is established to ensure that the Department has up-to-date contact information for all licensed individuals, which is essential for communication regarding licensing issues, renewals, and compliance matters.

Keeping the Department informed of any changes is crucial for maintaining the validity of the insurance license and ensuring that all regulatory requirements are met. Failing to report these changes within the stipulated timeframe could lead to complications such as lapses in licensure or difficulties in communication regarding important regulatory matters.

The other options, while varying in length, do not align with the specific statutory requirement of 60 days, thereby making them incorrect in this context. Understanding this requirement is important for licensees to remain compliant with Florida insurance regulations.