Within 30 days, who must be notified of change in principal business address or phone?

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Multiple Choice

Within 30 days, who must be notified of change in principal business address or phone?

Explanation:
When a bail bonds agent changes their principal business address or phone, the rule requires notifying both the insurer or managing general agent (MGA) and the clerk of the court of common pleas where the agent is registered, within 30 days. This ensures the insurer or MGA has current contact details for underwriting, bonding, and claims matters, while the clerk of the court keeps the official licensing records accurate and up to date for enforcement and public record purposes. The police department isn’t the designated recipient for this regulatory update, and the principal alone isn’t sufficient to satisfy the reporting requirement.

When a bail bonds agent changes their principal business address or phone, the rule requires notifying both the insurer or managing general agent (MGA) and the clerk of the court of common pleas where the agent is registered, within 30 days. This ensures the insurer or MGA has current contact details for underwriting, bonding, and claims matters, while the clerk of the court keeps the official licensing records accurate and up to date for enforcement and public record purposes. The police department isn’t the designated recipient for this regulatory update, and the principal alone isn’t sufficient to satisfy the reporting requirement.

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