An insurer terminates the appointment with an insurance producer; notify the Commissioner within how many days after the effective date of the termination?

• A. 7 days after the termination
• B. 15 days after the effective date
• C. 30 days after the termination date
• D. 30 days after the effective date of the termination

Answer: (D)

The key concept is the insurer’s duty to notify the Commissioner about a producer appointment termination within a set period after the termination takes effect. The required timeframe is thirty days after the termination’s effective date. This ensures the Commissioner's records reflect who is authorized to represent the insurer and prevents any confusion about current appointments.

Why this timing fits: the effective date is when the termination actually ends the appointment, not when the notice is sent. Reporting within thirty days provides a clear, standard deadline for administrative updates and keeps regulatory oversight consistent. Shorter windows, like seven or fifteen days, aren’t aligned with the rule, and tying the notice to the termination date (which could differ from the effective date) introduces ambiguity.