RESIDENT AND NON-RESIDENT 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 non-resident, two fingerprint cards are mailed to the applicant for each majority owner, partner, officer and director of the agency.