According to regulations, what is the maximum time allowed to respond to inquiries from the DIFP?

The maximum time allowed to respond to inquiries from the Department of Insurance, Financial Institutions and Professional Registration (DIFP) is indeed 10 calendar days. This timeframe is established to ensure timely communication and compliance with regulations. Efficiently addressing inquiries helps maintain transparency and accountability within the industry. By allowing a period of 10 days, it provides a reasonable balance between the need for thorough information gathering and the necessity for prompt responses, ensuring that regulatory processes can proceed without undue delay. This responsiveness is critical in maintaining the integrity and trust within the insurance industry, as well as ensuring that any issues can be resolved in a timely manner.