When must a producer inform the Commissioner about the use of an assumed name?

A producer must inform the Commissioner prior to using an assumed name to ensure compliance with regulatory standards. This requirement is in place to maintain transparency and to allow the Commissioner to verify that the assumed name does not conflict with any existing company names, trademarks, or regulations designed to protect consumers.

By notifying the Commissioner ahead of time, producers help prevent potential confusion in the marketplace and contribute to the integrity of the insurance profession. This proactive step is essential in regulating the insurance industry and safeguarding the interests of consumers.

Other options suggest notifying after the fact or within a certain timeframe post-use, which would not align with the intent of proactive regulation before the name is actually used in business activities.