Who holds the responsibility for keeping the surplus lines license information current?

The responsibility for keeping the surplus lines license information current falls on the licensee. This means that individuals or entities who hold the surplus lines license must ensure that their information is accurate and up-to-date with the regulatory authority. This includes aspects such as business address, contact information, and any changes in the business structure or ownership that may affect their licensing status.

Maintaining current license information is crucial as it helps regulators keep track of licensed professionals, facilitates communication, and ensures compliance with state laws. If the licensee fails to keep their information updated, it can lead to disciplinary actions, including fines or revocation of the license. Thus, having the licensee bear this responsibility emphasizes the importance of personal accountability in the licensing process.