Rule 3901-3-10 | Licensing of managing general agents.
(A) Purpose
The purpose of this rule is to set out the requirements for licensing of managing general agents and establish the procedures to be used in the licensing of managing general agents.
(B) Authority
This rule is promulgated pursuant to the authority vested in the superintendent of insurance under sections 3901.041 and 3905.79 of the Revised Code.
(C) Application
(1) Every person who seeks a license as a managing general agent under sections 3905.71 to 3905.79 of the Revised Code shall apply to the superintendent of insurance in writing on a form provided by the superintendent.
(2) In addition to the information required by divisions (B)(1) to (B)(7) of section 3905.72of the Revised Code all applicants must disclose the following as part of their application:
(a) Whether the applicant has been convicted of or pleaded guilty or no contest to any criminal offense;
(b) Whether the applicant has had any administrative action taken against a professional license or registration that they hold;
(c) Whether the applicant has ever been involved with an entity which was placed in bankruptcy, conservatorship, or similar supervision; and
(d) Any other information required by the superintendent.
(3) When the applicant applies for a license the applicant shall provide a list, including addresses, of all the applicant's agents, producers, or subproducers, which shall be kept current by filing notice of any changes within thirty days of the end of each calendar quarter.
(4) The application fee of twenty dollars shall be submitted with the application.
(D) Effective date
The date on which an applicant is assigned a license number by the department is the effective date of that license. The license shall expire on the last day of February of each calendar year, except that if an insurer terminates the appointment of a managing general agent the license will expire on the date of the termination. An insurer shall immediately notify the superintendent of insurance when it terminates the appointment of a managing general agent and such termination shall be effective on the date it is received by the department.
(E) Change of address
Every licensed managing general agent shall notify the superintendent in writing of any change in their business or residence address within thirty days. This change of address shall be made on a form provided by the superintendent of insurance, and merely placing the new address on correspondence or filings with the department without filing a change of address notice is not sufficient to comply with this requirement.
(F) Violation
Failure to comply with any requirements set out in this rule shall be grounds for the revocation or suspension of a managing general agent license.
(G) Severability
If any portion of this rule or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the rule or related rules which can be given effect without the invalid portion or application, and to this end the provisions of this rule are severable.
Last updated March 2, 2026 at 8:34 AM
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