If an intermediary is terminated by the insurance company, which of the following is NOT required by the company?

In the context of terminating an intermediary by an insurance company, it is essential to understand the regulatory requirements imposed on how these terminations should be communicated and handled. The correct choice identifies the action that is NOT mandated.

When an intermediary is terminated, the insurance company does not specifically require the intermediary to notify all clients within 30 days. This is because the primary responsibility lies with the insurance company itself to manage its communication to clients regarding any changes in agency relationships. The requirement for client notification typically involves the insurance company's obligation to inform clients of important changes rather than placing this burden on the terminated intermediary.

On the other hand, collecting all indicia of agency, rate books, and applications is crucial for the company to regain control over materials that signify the agency's representation and manage legal and regulatory compliance effectively. Additionally, notifying the Commissioner within 30 days is a regulatory requirement meant to ensure proper oversight and maintain industry standards, allowing authorities to monitor changes in agency relationships and uphold consumer protection laws.

Therefore, the action of notifying clients is the one that is not mandated as part of the termination process, clarifying that it is the responsibility of the company rather than an obligation placed on the intermediary.