Question 23

A licensee must report an administrative action taken by another state or governmental agency to the Bureau of Insurance within 30 calendar days after final disposition.

A licensee is required to notify the Bureau of Insurance within 30 calendar days after the final disposition of any administrative action taken by another state or governmental agency.

A) 10 days

This option is incorrect because the timeframe for reporting an administrative action is longer than 10 days. The regulation specifies a minimum of 30 days, making 10 days insufficient for compliance.

B) 20 days

This option is also incorrect as it underestimates the required reporting period. The law clearly states that the licensee has 30 days to report, indicating that 20 days does not meet the necessary requirement.

C) 30 days

This is the correct option because it aligns with the legal requirement for a licensee to report administrative actions. The regulation explicitly states that the report must be made within this 30-day period after the final disposition.

D) 45 days

This option is incorrect since it exceeds the stipulated timeframe. The requirement is to report within 30 days, so a 45-day period is not compliant with the regulations.

Conclusion

The correct answer of 30 days is clearly defined in the regulations governing the reporting of administrative actions. Options A, B, and D fail to meet the legal requirement, as they either fall short or exceed the necessary timeframe for reporting to the Bureau of Insurance. Thus, option C is the definitive answer.