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Current as of January 01, 2025 | Updated by FindLaw Staff
(a) No person, firm, association or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless such person is licensed as a producer and holds an appointment by the insurer in this state.
(b) No person, firm, association or corporation shall act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless such person is licensed as a producer and holds an appointment by the insurer in this state. A nonresident license is sufficient for this purpose.
(c) The commissioner may require a bond in a reasonable amount for the protection of the insurer.
(d) The commissioner may require the managing general agent to maintain an errors and omissions policy.
Cite this article: FindLaw.com - Connecticut General Statutes Title 38A. Insurance § 38a-90b. Licensing of managing general agents - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-38a-insurance/ct-gen-st-sect-38a-90b/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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