Section 200.205  Notification of Noncompliance or Material Change

All holders of or applicants for any license issued pursuant to the Act shall submit written notification to the Department within a maximum of ten (10) business days after becoming aware of any noncompliance with the provisions of the Act or these Rules and any material change in condition (such as bankruptcy, regulatory order having been issued by another regulatory body having jurisdiction, loss of authority to do business by rgulatory agency having jurisdiction) which places or tends to place any consumer or policyholder in jeopardy.