Who is responsible for reporting any name or address changes of the licensee to the Commissioner?

The licensee is responsible for reporting any name or address changes to the Commissioner. This responsibility is crucial as maintaining up-to-date contact information allows for effective communication between the insurance regulatory authority and the licensed individual. It ensures that the licensee receives important notifications, updates, and compliance requirements related to their licensure and the insurance industry in general.

This requirement is part of the regulatory framework governing insurance practices, which helps maintain the integrity and accountability of licensed professionals. Keeping the Commissioner informed of such changes supports the orderly operation of the insurance market and aids in the enforcement of regulations designed to protect consumers.

In this context, the other parties mentioned do not bear the responsibility for reporting changes. The insurance company may maintain records but is not directly accountable for reporting the personal information of its agents. The policy owner and the applicant are involved in different roles within the insurance process and do not typically have the responsibility of updating the Commissioner's records regarding the licensee's personal information.