jump to home menu jump to vertical menu jump to content jump to footer
Division of Agent and Agency Services
  

RESIDENT & NON-RESIDENT MANAGING GENERAL AGENT

TYPE AND CLASSES:

  • 00-60 Managing General Agent

Florida Statutes 626.015 defines a "MANAGING GENERAL AGENT" as any person that manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office, and acts an agent for such insurer whether known as a managing general agent, manager, or other similar term, who, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, or underwrites an amount of gross direct written premium equal to or more than 5 percent of the policyholder surplus as reported in the last annual statement of the insurer in any one quarter or year and also does one or more of the following:

(a) Adjusts or pays claim

(b) Negotiates insurance on behalf of the insurer

Application Qualifications:

  • Complete an online application for License and submit appropriate fees. Apply for license
  • Be a natural person at least 18 years of age.
  • Be a resident of the state of Florida.
  • Be a United States citizen or legal alien who possesses a work authorization from the United States Immigration and Naturalization Services.
  • fingerprinted at one of the Department's fingerprint sites. Fingerprint locations and additional information
  • If licensed in another state within three years, provide a Letter of Clearance.

Special Notes

The following persons are not considered managing general agents:

  • An employee of an insurer
  • A United States manager of the United States branch of an alien insurer
  • An underwriting manager, who, pursuant to contract, manages all the insurance operations of the insurer, is under common control of the insurer which is subject to regulation under Florida Statutes 628.801-628.803, and whose compensation is not based on the volume of premiums written
  • Administrators as defined by Florida Statutes 626.88
  • The attorney in fact authorized by and acting for the subscribers of a reciprocal insurer under powers of attorney
  • No such person shall be a general lines agent