Any Managing General Agent (hereinafter referred to as “MGA”), is eligible to become an active member of this Association by meeting all of the following requirements:

1. The applicant shall have been primarily engaged as an MGA for at least the three (3) years preceding application, except that an entity in which a current active member in good standing maintains at least a fifty-one percent ownership interest shall not be subject to this requirement.
2. As of the date of election to membership, the applicant MGA must have and represent, pursuant to written binding authority agreement, three or more independently operated insurers (of which one is licensed in one or more of the states in which the applicant does business) for at least three consecutive years (except for an entity in which a current active member in good standing owns at least a fifty-one percent interest); provided, however that:
   • no such insurer owns any such interest in the MGA; and
   • the MGA owns no more than a ten (10) percent interest in any such insurer.
3. Represent those companies described in subparagraph (b) above for at least two of the major lines of insurance underwritten by those companies. The major lines underwritten by those companies must consist primarily of property, casualty, marine, and/or automobile insurance.
4. Have underwriting authority from those companies to bind, issue, cancel, endorse, rewrite, and renew policies, in accordance with their contractual authority.
5. Operate in the capacity of supervising, underwriting, processing, and accounting for the production of at least a premium volume of $5 million, for the twelve months preceding the date of the application with at least 75% of its total premium volume derived from retail sub-producers not owned by the MGA.
6. Subscribe and agree to implement the goals and objectives of the Association as set forth in these By-Laws, as adopted by any strategic planning processes and other operational guidelines and/or code of ethics adopted by the Board of Directors or the membership as a whole.
7. Submit at least three favorable letters from sponsoring active members of this Association in good standing in the geographical area in which the MGA operates. The active member sponsor must be domiciled in the state of the proposed member or have a branch office in the state of the proposed member (unless there are fewer than five active members in such state, in which event the application may be supported by letters from active members in good standing located in states contiguous to applicant’s location).
8. Subscribe to the purposes of the Association as set forth in the Bylaws and to the following sections of the Code of Ethics adopted by the Board of Directors of the membership as a whole. Such sections may be amended from time to time:
   • Intra-organizational
   • Financial
   • Legal Responsibilities
   • Community Obligations
9. To be elected to active membership, the applicant must receive the favorable vote of a majority of the Board of Directors of the Association.

Active Member Dues: $850

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