What must a producer do if they wish to use an assumed name?

When a producer wishes to use an assumed name, they are required to notify the Commissioner of Insurance prior to using it. This requirement is in place to ensure that all names under which a producer operates are authorized and subject to regulatory oversight. This step helps maintain transparency and accountability in the insurance industry.

By informing the Commissioner, the producer provides the regulatory authority the opportunity to verify that the assumed name does not mislead consumers or violate any existing laws or regulations related to insurance practices. This process aims to protect the public by ensuring that all insurance producers are licensed and that their business practices are conducted under recognized and legitimate business names.