What must an insurance agent do if they change their employment?

When an insurance agent changes their employment, it is crucial to notify the Department of Financial Services. This requirement ensures that the agency has up-to-date records regarding which agents are affiliated with which agencies. It helps maintain regulatory compliance and protects all parties involved, including clients. Notifying the Department is part of the professionalism and accountability expected from licensed insurance agents, and it allows for transparency in the insurance market.

While clients may also need to be informed about the change in their agent’s employment, it is not mandated as the first step compared to the requirement to notify the regulatory body. Transfer of clients or automatic renewal of licenses are processes tied to different aspects of agency management and do not directly address the obligations set forth by the state’s insurance regulations.