How soon must a licensee inform the Department of any change in their principal place of business?

A licensee must inform the Department of any change in their principal place of business within a specified timeframe to ensure that the records are kept up to date and that the Department has accurate information for communication and regulatory purposes. The correct timeframe of ten days is significant because it reflects the need for timely notification, allowing the Department to maintain accurate data regarding licensed agents and their business locations. This requirement also supports transparency and accountability in the licensing process, ensuring that all parties are informed of any changes that may affect the licensee's operations. Prompt reporting helps to avoid potential issues related to compliance or misunderstandings regarding licensure status.