Protecting the Insurance-Buying Public by Licensing Competent and Trustworthy
Individuals and Entities and Expeditiously Investigating Alleged Violations
of the Florida Insurance Code
Licensure & Compliance
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.
- Requirements for applicants with prior criminal history
(Click Here)
Special Notes
The following persons are not considered managing general agents:
- (1) An employee of an insurer
- (2) A United States manager of the United States branch of an alien
insurer
- (3) 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 626.801-626.803,
and whose compensation is not based on the volume of premiums written
- (4) Third-party administrators as defined by Florida Statutes 626.88
- (5) The attorney in fact authorized by and acting for the subscribers
of a reciprocal insurer under powers of attorney
- (6) No such person shall be a general lines agent
