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RESIDENT AND NONRESIDENT MANAGING GENERAL AGENT
FOR A FIRM
TYPE AND CLASSES:
- 00-60 Managing General
Agent (Firm)
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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:
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Complete an
online application for License and submit
appropriate fees.
Apply for license
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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.
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Majority
owner, partner, officer and director of the
agency must be fingerprinted at one of the Department's
fingerprint sites.
(Link directly to 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.
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