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
Connecticut does not issue an MGA license, however, an MGA notification must be submitted.
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. You are required to complete and submit this form, within 30 days of MGA Agreement, or cancellation of such Agreement, to cid.licensing@ct.gov.