New Mexico Health and Life Insurance Practice Exam

A licensed insurance agent is required to maintain accurate and current information with the state regulatory body. When a licensee changes their address, submitting a written notification to the superintendent is a crucial step. This action ensures that the regulatory authority has the latest contact information for the licensee, which is important for communications regarding licensing status, compliance, and regulatory matters. It helps in maintaining the integrity of the licensing process and ensures that the agent can receive important notices and updates.

In addition to this requirement, clients may certainly benefit from being informed of the agent’s new address, but the primary obligation lies with formal notification to the superintendent in accordance with state regulations. Waiting for the renewal date would delay the update and potentially lead to non-compliance, while updating online profiles alone does not fulfill the official obligation to the regulatory body.