An insurance producer is required to notify the Commissioner of any felony convictions within how many days of the conviction?

• A. 15 days
• B. 30 days
• C. 45 days
• D. 60 days

Answer: (B)

The key idea is that licensed insurance producers must promptly report criminal history to the regulator. If a producer is convicted of a felony, they must notify the Maryland Insurance Commissioner within 30 days of the conviction. This quick reporting helps the regulator assess whether the license should continue, be restricted, or be suspended or revoked, and it protects the public by keeping the licensing process transparent and trustworthy. Reporting sooner rather than later allows timely regulatory review, while longer delays would hinder oversight.