Managing General Agent (MGA)

Definition

Managing General Agent (MGA) – A licensed and appointed person entering into a Managing General Agent agreement with a Connecticut-licensed insurer.

Applicable Statutes

CGS §38a-90 – see Laws and Regulations

Fees

None

Duration

Not applicable

How to Apply

Not applicable

How to Renew

Not applicable

How to Amend Lines of Authority

Not applicable

How to Reinstate a License

Not applicable

How to change License information (ie.: demographics)

Not applicable

Print a copy of the license

Not applicable

Initial Education Requirements

Not applicable

Waivers due to Designations

Not applicable

Renewal Continuing Education (CE) Requirements (C.G.S 38a-465a(p))

Not applicable

Cancel License

Not applicable

Important Information

Each person (individual or business entity) entering into a Managing General Agent agreement must hold an active Connecticut Producer license and an active appointment from the insurer (authorized to conduct business in Connecticut) party to the agreement. In addition to the appointment for the applicable lines of authority (EXAMPLE: Property, Casualty), the Insurer must also file a Managing General Agent Agreement Notification with the Insurance Department upon entering into such an agreement, as well as upon termination of the agreement.