What must an insured do if they procure insurance without a broker or through an unauthorized insurer?

An insured who procures insurance without the involvement of a broker or through an unauthorized insurer is required to file a report to the Commissioner within a specified timeframe, typically within 30 days. This process is essential because it helps maintain regulatory oversight and ensures that the insured's interests are protected in the event of a claim. Reporting helps the Commissioner assess any potential risks associated with unauthorized insurance transactions and reinforces the importance of conducting business through licensed channels to safeguard consumer protections and uphold the integrity of the insurance market.

By mandating such reporting, the regulatory framework aims to create accountability and transparency, helping to mitigate the risks that may arise from dealings with unauthorized insurers that may not adhere to the same standards and regulations as licensed entities.

The other options may seem relevant, but they do not accurately capture the specific obligation placed on the insured when engaging with unauthorized insurance providers.