resident agent

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Resident Agent

A person who is licensed to sell insurance in the state in which he/she lives. Because most insurance is regulated at the state level, state agents are registered on a state-by-state basis.

resident agent

A name given in some states to the person authorized by law to accept service of process (lawsuits,for example) for a corporation or other artificial person.There are many commercial services that will provide this service for companies.Also called “registered agent for service.”
References in periodicals archive ?
The supposed conflict concerns the possibility of foreign trademark applications with the International Property Office being automatically granted protection in the country without the World Intellectual Property Organization (WIPO) designating the resident agents required by Section 125 of the IP Code.
A recent survey by the Florida Surplus Lines Service Office (FSLSO) revealed that 25 percent of Florida's resident agents write multi-state risks.
This regulation will make it much easier for New York resident agents and brokers, as well as non-residents with New York licenses, to use out-of-state and electronic banks in their businesses," said IIABNY Chair of the Board, David M.
The appendices make up the remaining two-thirds and contain selected Nevada statutes and fee schedules, state addresses, a list of Nevada resident agents, and blank forms needed for incorporation.
He said of the state police and the local FBI, "We've always had a good relationship" with Agent Grady, continuing the tradition of previous FBI senior resident agents Thomas G.
Licensing laws for resident agents vary from state to state.
The most illuminating section considers the types of agents and brokers involved in trafficking, with four types predominating: locally resident agents (often respected community members with influential social connections); agents working for clubs and bar owners in Thai urban centres; agents who send women abroad (many of them former sex workers); and agents with connections in particular countries, some of these being licensed labour-exporting companies.
In 2004, there were 65 new surplus lines agents, 57 of them resident agents and eight non-resident agents.
A federal judge has struck down Florida's countersignature and surplus lines coverage statutes as unconstitutional "to the extent they deny to Florida-licensed nonresident insurance agents the same rights and privileges that they afford to Florida-licensed resident agents.
States have a variety of license laws for resident agents and require nonresidents to obtain several licenses.
While the total number of surplus lines agents licensed in 2008 saw a minimal increase when compared to 2007, the gap of licensed resident agents to non-resident agents continues to grow In both 2007 and 2008, the number of newly licensed non-resident agents exceeded the number of newly licensed resident agents, and statistics from the first and second quarters of 2009 indicate that this trend will continue.
also associates with licensed resident agents in those states where insurance transactions must be conducted with or through resident agents.

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