Read below for a summary of the changes or see the attached document for the original reminder. **Consequences: ** Failure to report within 30 days may lead to revocation, suspension, restriction of a license, and a monetary penalty. **Background Changes that Need to be Reported: ** - Felony and misdemeanor convictions - Filing of criminal charges - Administrative actions regarding any professional or occupational license which includes actions against an insurance license - Licensee's discharge (or attempt) in a bankruptcy proceeding, or an obligation regarding insurance premiums or fiduciary funds owed to a company - Any situation of fraud, misappropriation or conversion of funds, misrepresentation, or breach of fiduciary duty To report a change to the CDI, use the background change disclosure form on the CDI's website or via NIPRs Reporting of Actions option online. If changes involve a licensee or applicant who is listed as an endorsee on a business entity license, the notice of background change must also be provided to the business entity.