Licensing Requirements for Persons Involved with Motor Vehicle Service Agreements

Administrator and Sub-administrator

  1. Executive officers, travelling salaried employees or members of risk retention group who do not receive commissions or bonuses
    • License Required: None
    • Authority Code: N/A
  2. Executive officers, travelling salaried employees or members of purchasing group, who do not receive commissions or bonuses
    • License Required: None
    • Authority Code: N/A
  3. Persons other than executive officers, travelling salaried employees or members, selling for either a risk retention group or purchasing group, who do not receive commissions or bonuses
    • License Required: Broker
      Note: if the risk retention group is licensed (i.e. not just registered) in the State of Connecticut, then an agent’s license can be used in lieu of a broker’s license. Authority is casualty.
    • Authority Code: Casualty

Other than (a), (b), or (c). Note, this section applies to all persons employed by an insurance company authorized to do business in the State of Connecticut, other than executive officers and travelling salaried employees who do not receive commissions or bonuses

  • License Required: Agent
  • Authority Code: Casualty

Claims Handling (Administrator or Other)

  1. Executive officers, travelling salaried employees or members of risk retention group, who do not receive commissions or bonuses.
    • License Required: None
    • Authority Code: N/A
  2. Executive officers, travelling salaried employees or members of purchasing group, who do not receive commissions or bonuses.
    • License Required: None
    • Authority Code: N/A
  3. Persons other than executive officers, travelling salaried employees or members, selling for either a risk retention group or purchasing group, who do not receive commissions or bonuses. Note, this section applies to all persons employed by an insurance company authorized to do business in the State of Connecticut, other than executive officers and travelling salaried employees, who do not receive commissions or bonuses.
    • License Required: Casualty Adjuster/li>
    • Authority Code: Casualty

Dealer

Sells a contract to car buyer which is:

  1. not an insurance contract
    • License Required: None
    • Authority Code: N/A
  2. insurance contract from an insurance company
    • License Required: Agent
    • Authority Code: MV Service agreement

Note: an insurance contract can not be sold to a car buyer directly or indirectly from a risk retention or purchasing group.