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Connecticut Insurance FAQs
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Q:
What Is An Insurance Producer?
A: An insurance producer is defined as any person, partnership, association, limited liability company or corporation, or any person, partnership, association, limited …
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Q:
What Is The Relevant State Statute?
A: CGS 38a702
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Q:
What Is An Authorized Licensing Representative?
A: An authorized licensing representative is an individual whose name is on file at the Insurance Department as being authorized to appoint Producers.
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Q:
What Are The Requirements For An Individual License?
A: Applicants for a Producer license are required to satisfy all resident prelicense requirements, unless the applicant holds a same or similar license from any other …
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Q:
What About Sharing Commissions?
A: Under CGS 38a706, licensed Producers may share commissions. However, both Producers must be licensed to transact in the type of insurance that is the subject of …
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