RESIDENT MANAGING GENERAL
AGENT
TYPE AND
CLASSES:
- 00-60 Managing General Agent
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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.
(Link directly to locations and additional information)
-
If licensed in another state within three years,
provide a Letter of Clearance.
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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
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