Local Recording Agent definition
Local Recording Agent means a person or firm engaged in soliciting and writing insurance, being authorized by an insurance company or insurance carrier, including fidelity and surety companies, to solicit business and to write, sign, execute, and deliver policies of insurance, and to bind companies on insurance risks, and who maintain an office and a record of such business and the transactions which are involved, who collect premiums on such business and otherwise perform the customary duties of a local recording agent representing an insurance carrier in its relation with the public; or a person or firm engaged in soliciting and writing insurance, being authorized by an insurance company or insurance carrier, including fidelity and surety companies, to solicit business, and to forward applications for insurance to the home office of the insurance companies and insurance carriers, where the insurance company's and insurance carrier's general plan of operation in this State provides for the appointment and compensation of agents for insurance and for the execution of policies of insurance by the home office of the insurance company or insurance carrier, or by a supervisory office of such insurance company or insurance carrier, and who maintain an office and a record of such business and the transactions which are involved, and who collect premiums on such business and otherwise qualify and perform the customary duties of a local recording agent representing an insurance carrier in its relation with the public.
Examples of Local Recording Agent in a sentence
Must hold and maintain an Active, Non-expired ------------ Texas Permanent Group 05-01 Local Recording Agent License and an Active, Non-expired Texas Permanent Group 01-01 Agent License.
PRODUCER represents and warrants to SIM that he/she is properly licensed as an insurance agent in the State of Louisiana, and is in good standing as a Local Recording Agent in pursuant to the Louisiana Insurance Code.
Quick-Sure has appointed under a Local Recording Agent Agreement (the "LRA AGREEMENT") with Titan Insurance Services, Inc.
PRODUCER represents and warrants to SIM that he/she is properly licensed as an insurance agent in the State of Texas, and is in good standing as a Local Recording Agent in pursuant to the Texas Insurance Code.