What must producers do if they change their name?

Producers are required to notify the insurance bureau if they change their name. This is essential because the insurance bureau maintains records of licensed producers and their official names. Notifying the insurance bureau ensures that their licensing status is current and accurately reflects their identity, which helps avoid confusion in transactions and strengthens compliance with regulatory requirements.

Maintaining accurate records is critical for legal and administrative purposes. It helps in clarifying ownership and responsibilities associated with the producer's activities in the insurance field. Furthermore, this notification is a way to uphold transparency and maintain the integrity of the insurance marketplace. While informing clients and circulating information about the name change may also be practical, the primary obligation revolves around the formal notification to the insurance bureau.