Which penalty might a producer face for not notifying the Commissioner of an address change within the specified timeframe?

A producer may face license suspension for failing to notify the Commissioner of an address change within the specified timeframe because timely communication of such changes is crucial for maintaining compliance with state regulations. This requirement ensures that the regulatory body can efficiently manage licensing records and maintain contact with producers, which is vital for consumer protection and oversight. Disregarding this obligation can be viewed as a serious infraction of the insurance code, prompting the regulator to impose suspension as a corrective action to emphasize the importance of following the established protocols for communication and compliance. The other options, while potentially valid in different scenarios, do not typically carry the same severity regarding compliance violations like the potential for license suspension does in this context.