Who is required to notify the State Corporation Commission in the event of an appointment termination?

When an appointment termination occurs, it is the responsibility of the insurer to notify the State Corporation Commission. This is because the insurer maintains the formal relationship with the appointed agent and oversees their activities. The insurer is tasked with ensuring that all regulatory requirements are met, including informing the appropriate regulatory authority of any changes in agent appointments.

In this context, while agents may also have a role or might need to be aware of their appointment status, they do not have the authority to notify the State Corporation Commission about terminations. Policyholders are generally not involved in the administrative process of agent appointments and terminations, as they are the clients who purchase insurance products and services. The State Corporation Commission itself does not initiate the notification process; rather, it relies on insurers to comply with such requirements. Thus, the correct answer reflects the proper accountability of the insurer in this regulatory framework.