Just a friendly reminder the Indiana Department of Insurance requires all licensed agents to maintain their current mailing (good idea to include email too) address in the database. There are several ways an agent can update their address. It can be done through Sircon, NIPR, or through the service request form the IDOI has made available online.
IC 27-1-15.6-7 Insurance producer licenses; qualifications; expiration; renewal; registry
(h) A licensee shall inform the commissioner of a change of address not more than thirty (30)
days after the change by any means acceptable to the commissioner. The failure of a licensee to timely inform the commissioner of a change in legal name or address shall result in a penalty under section 12 of this chapter.
The current penalty is a $250.00 fine.
An incorrect address, either mailing or email, can cause unintended problems which could result in much higher penalties. If a renewal notice is missed, the ramifications can be devastating to an agent. Fines from state and possibly federal agencies, and lost income being just a few of many very bad things.
Keep your addresses, both mailing and email, current in the IDOI database. If you are licensed in multiple states, don’t forget to update that information too!
Oh, by the way – Alabama charges $1000.00 for address violations.