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 AND NONRESIDENT MANAGING GENERAL AGENT FOR A FIRM
TYPE AND CLASSES:
-
00-60 Managing General Agent (Firm)
Florida Statutes 626.015 defines a “MANAGING GENERAL AGENT FIRM” as any firm
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 reinsurance on behalf of the insurer or financing institution
or creditor
Application Qualifications:
- Complete an online application for License and submit appropriate fees.
Apply for
license
- Majority owner, partner, officer and director of the agency must not be an employee
of the United States Department of Veterans Affairs or state service office, as
referred to in Section 626.833, Florida Statutes
- Majority owner, partner, officer and director of the agency must be fingerprinted
at one of the Department's fingerprint sites.
(Fingerprint locations and additional information.) If nonresident, two
fingerprint cards are mailed to the applicant for each majority owner, partner,
officer and director of the agency.
- Requirements for applicants with prior criminal history(Click Here)
