- The license of a managing general agent shall state the name and address of the licensee, the name of the insurer (company) to be represented, date of issue and of expiration and the general conditions of the license. Licensees must have a separate appointment for each insurer. The total application fee is $155.00, representing an application fee of $30.00, an examiner`s fee of $100.00, and a license/appointment fee of $25.00.
- All managing general agent licenses shall continue in force until expired, suspended, revoked or otherwise terminated.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.