(a) No person, firm, association, or corporation shall act as a managing general agent, with respect to risks located in this State for an insurer licensed in this State, unless licensed as a producer in this State.

Terms Used In Hawaii Revised Statutes 431:9C-102

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) No person, firm, association, or corporation shall act as a managing general agent representing an insurer domiciled in this State with respect to risks located outside this State unless licensed as a producer in this State.

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