If the individual license for an agency’s Designated Responsible Licensed Producer (DRLP) lapses, it puts the agency’s license at jeopardy. Here's what to do if your license renewal deadline has 'whooshed by'.
For producers and compliance professionals alike, professional designations show your commitment to your insurance career. Furthermore, they can open doors to a new job or promotion to a leadership role with your current agency.
The exact wording of each state’s MGA definition varies slightly, but the fundamental principle is the same; an MGA acts—in a limited way—as an underwriter. The contract between the MGA and the insurer spells out its specific duties and tasks.
