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3 May, 08:51

An insurance producer wishing to do business under any name other than their legal name must notify the Commissioner:

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  1. 3 May, 12:22
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    prior to using the Assumed names

    Explanation:

    An insurance producer must get himself or his organization registered before doing any business of insurance.

    For this there are certain rules as related to the names of such business.

    There is the requirement to follow the rules and regulations.

    If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.

    This is to ensure that the name shall not be registered with some other organization.

    Thus, no assumed names to be used, before prior permission is received from the commissioner.
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