Managing general agent fee framework covers application, registration, annual payment, and duplicate certificate issuance requirements. Fee requirements for registration as a managing general agent include a non-refundable application fee, a non-refundable registration fee, and an annual fee payable each financial year on or before 30 April. The annual fee is the higher of a fixed dollar amount or a percentage of total gross premium written in the preceding financial year, and payment must be made through recognised electronic funds transfer modes. A duplicate certificate may be issued on payment of the prescribed fee and filing of a declaration if the original certificate is lost, destroyed, or mutilated.
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Managing general agent fee framework covers application, registration, annual payment, and duplicate certificate issuance requirements.
Fee requirements for registration as a managing general agent include a non-refundable application fee, a non-refundable registration fee, and an annual fee payable each financial year on or before 30 April. The annual fee is the higher of a fixed dollar amount or a percentage of total gross premium written in the preceding financial year, and payment must be made through recognised electronic funds transfer modes. A duplicate certificate may be issued on payment of the prescribed fee and filing of a declaration if the original certificate is lost, destroyed, or mutilated.
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