PURPOSE: This rule implements and administers sections 375.147-375.153, RSMo regarding filings required within thirty days of appointment.

1. (1) Any insurer who is required under 20 CSR 200-10.100 to file for appointment of a managing general agent (MGA) must complete and file the following within thirty (30) days ofthat appointment:

2. (A) The Appointment Form MGA-1. (see 20 CSR 200-10.500) This form must list all information requested, including, bur not limited to, the name and Missouri insurance agent’s license number of the MGA. Attached to Form MGA-1 shall be the following exhibits, unless the insurer has obtained an express waiver from the director:

   1. 1. A copy of a fidelity bond for the protection of the insurer in the minimum amount of one hundred thousand dollars ($100,000) with no deductible; and
   2. 2. A copy of the MGA’s errors and omissions liability policy in the minimum amounts of one hundred thousand dollars ($100,000) per occurrence or claim and one (1) million dollars aggregate; and

3. (B) A duplicate copy of the executed contract between the MGA and the insurer. Form MGA- 2 (see 20 CSR 200-10.500) is the form which must be used by all insurers domiciled in this state as the contract. An insurer not domiciled in this state must also use Form MGA-2, unless the insurer is domiciled in a state having a law substantially similar to sections 375.147- 375.153, RSMo and the insurer files a contract -which complies with the provisions of the MGAs Act.

   CODEOFSTATEREGULATIONS 20 CSR 200-10

   Auth: sections 374.045, RSMo (1986j and 375.153, RSMo (Cu.m. Supp. ISSO).’ This rule was previously filed as 4 CSR 190. 11.340(3). Original rule filed Jan. 22, 1991, ejfectice July 8, 1991. ilmended: Filed Nou. 3, 1992, ejfective May 6, 1993. *Original authority: 374.045. RSMo (1967) and 375.153, RSMo 12990).