Connecticut § 38a-90b Licensing of managing general agents.

Connecticut Statutes

§ 38a-90b — Licensing of managing general agents.

Connecticut § 38a-90b

Title 38aInsurance

Ch. 698Insurers

This text of Connecticut § 38a-90b (Licensing of managing general agents.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-90b (2026).

Text

(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 ma

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(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.

Legislative History

(P.A. 91-262, S. 12, 19; P.A. 94-160, S. 2, 24.) History: P.A. 94-160 replaced references to agents with references to producers, effective January 1, 1996.