Conn. Gen. Stat. § 38a-90b
Licensing of managing general agents
Connecticut · General Statutes of Connecticut Chapter 698 — Insurers · Status: effective
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- Citation
- Conn. Gen. Stat. § 38a-90b, Licensing of managing general agents, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2201595
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Full 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 maintain an errors and omissions policy.