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In Business / College | 2025-07-07

A nonresident licensed producer decides to conduct business under an assumed name. Which of the following is true?
A. Nonresident producers need to take no action before conducting business under an assumed name.
B. The assumed name must be filed with the NAIC, the Commissioner of the domicile state, and the Commissioner of the state for which the nonresident producer is licensed.
C. Nonresident producers may not conduct business under any name besides legal names.
D. The assumed name must be submitted on the Uniform Assumed Title form, with the appropriate fee.

Asked by kayls95

Answer (2)

Nonresident licensed producers must file their assumed names with the NAIC and relevant state commissioners before conducting business. This ensures compliance with regulatory standards. The correct answer to the question is option B. ;

Answered by GinnyAnswer | 2025-07-08

Nonresident licensed producers must file their assumed names with the NAIC and applicable state commissioners before conducting business. This action ensures compliance and protects consumer interests. Therefore, the correct answer is option B.
;

Answered by Anonymous | 2025-07-10

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