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In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".
Brokers also use the LOMA educational courses to count towards the continuing professional education (CPE) requirement needed to maintain their license in good standing with regulators. [ 7 ] LOMA's board of directors is made up of insurance industry chief executive officers, presidents and vice-presidents, lawyers and other industry professionals.
Full license at 17 years old if the driver has no violation and accident-free for 12 consecutive months, otherwise they must be 18 years old. Iowa driver licenses can vary from two years to a maximum of five years. The license drops to a maximum term of two years after the license holder reaches the age of 70. [68]
Additionally, Florida auto insurance requirements state that the minimum amount of no-fault coverage you must carry is: $10,000 in Personal Injury Protection (PIP) coverage $10,000 in Property ...
Drivers who choose to forgo insurance while driving are in violation of Alabama auto insurance laws and can face certain consequences or penalties. For the first offense, the fine is $500 and a 45 ...
North Carolina is the only state to require that a driver hold liability insurance before a license can be issued. North Carolina does allow for a "fleet license" to be issued if the license holder has no insurance, however the fleet license only allows for the driver to operate vehicles owned and insured by their employer. The license holder ...