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What Is A Managing General Agent?

A Managing General Agent is an individual, firm or corporation appointed as an independent contractor by one or more insurers for the principal purpose of exercising general supervision over the business of the insurer in Alabama, with authority to appoint agents for such insurers and to terminate such appointments. A managing general agent is not authorized for countersignature privileges.

A managing general agent shall otherwise qualify and be licensed as provided in the Alabama code, but shall not be required to take and pass an examination nor be a resident of Alabama. A Managing General Agent must be licensed for each insurer represented and for each class of insurance handled by the insurer in this state.

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