New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 22C-1

a. Any corporation, association, partnership, reciprocal exchange, interinsurer, Lloyd's insurer, fraternal benefit society or other person engaged in the business of insurance pursuant to Subtitle 3 of Title 17 of the Revised Statutes (C.17:17-1 et seq.), or Subtitle 3 of Title 17B of the New Jersey Statutes (C.17B:17-1 et seq.);

b. Any medical service corporation operating pursuant to P.L.1940, c. 74 (C.17:48A-1 et seq.);

c. Any hospital service corporation operating pursuant to P.L.1938, c. 366 (C.17:48-1 et seq.);

d. Any health service corporation operating pursuant to P.L.1985, c. 236 (C.17:48E-1 et al.); and

e. Any dental service corporation operating pursuant to P.L.1968, c. 305 (C.17:48C-1 et seq.).

“Managing general agent” means any person, firm, association or corporation who binds ceding reinsurance contracts on behalf of an insurer or manages all or part of the insurance business of an insurer, including the management of a separate division, department or underwriting office, and acts as an agent for that 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, and underwrites an amount of gross written premium equal to or more than 5% of the policyholder surplus as reported in the last annual statement of the insurer in any one quarter or year together with one or more of the following: (1) adjusts or pays claims in excess of an amount determined by the commissioner; or (2) negotiates reinsurance on behalf of the insurer.

Notwithstanding the above, the following persons shall not be considered as managing general agents for the purposes of this act: