(a) For the protection of the public, the commissioner shall not issue or extend any license for an adjuster or independent bill reviewer:

(1) Except as provided by this article; or
(2) To any individual less than eighteen years of age.
(b) An applicant for a license under this article shall notify the commissioner of the applicant’s legal name.
(c) An applicant shall apply to the department of commerce and consumer affairs and the commissioner for approval of the use of a trade name pursuant to § 431:2-217.
(d) A licensee shall:

(1) Inform the commissioner by any means acceptable to the commissioner of any change of status within thirty days of the change;
(2) Report any change of status to the business registration division if the licensee is a business entity registered with the department of commerce and consumer affairs pursuant to title 23 or title 23A, or if the licensee has registered a trade name pursuant to part II of chapter 482; and
(3) Apply to the department of commerce and consumer affairs and the commissioner for approval to change the status of a trade name pursuant to § 431:2-217.

Failure to timely inform the commissioner or business registration division of a change of status shall result in a penalty pursuant to § 431:2-203.

(e) As used in this section, “change of status” includes but shall not be limited to change of legal name, assumed name, trade name, business address, home address, mailing address, business phone number, business fax number, business electronic mail address, business website address, or home phone number.