Annual Notice to California Producers of Reporting Changes in Background Information

On March 21, 2025 Ricardo Lara, California’s Insurance Commissioner posted the annual reminder about the Requirement to Report Changes in Background Information.

The section of the Code requires all licensees and applicants to report, in writing, any changes in background information to the California Department of Insurance within 30 days of the date the individual learns of the change.

Definition of Background Information from the Code.

“Background information” means any of the following:

a misdemeanor or felony conviction;

a filing of felony criminal charges in state or federal court;

an administrative action regarding a professional or occupational license;

any licensee’s discharge or attempt to discharge, in a personal or organizational bankruptcy proceeding, an obligation regarding any insurance premiums or fiduciary funds owed to any company, including a premium finance company, or managing general agent;

and any admission, or judicial finding or determination, of fraud, misappropriation or conversion of funds, misrepresentation, or breach of fiduciary duty.

There are other links in the notice providing more detailed information.

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