20-311. Definition of managing general agent; exceptions; adjustment or payment of claims A. In this article, unless the context otherwise requires, " managing general agent" means any person, firm, association or corporation that manages all or part of the insurance business of an insurer, including the management of a separate division, department or underwriting office, […]
20-311.01. Managing general agents; requirements A. A person shall not act in the capacity of a managing general agent for an insurer licensed in this state with respect to the risks located in this state unless the person is licensed as an insurance producer by the director. B. A person shall not act in the […]
20-311.02. Requirements for managing general agent agreements A. A person, firm, association or corporation acting in the capacity of a managing general agent shall not place business with an insurer unless there is in force a written contract between the parties that sets forth the responsibilities of each party and, if both parties share responsibility […]
