Lara Form Fis 0200
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People also ask
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What is a designated responsible licensed producer in Michigan?
The DRLP is responsible for the Business Entity's compliance with the state insurance laws, rules and regulations. A business entity may have more than one DRLP.
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What is a designated responsible person?
Employer: In a workplace setting, the employer is usually always designated as the Responsible Person. Manager: Someone who is responsible for overseeing a building or a number of people. Maintenance Person: Where they are tasked with reporting and rectifying faults to a competent standard.
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What type of service requires a Michigan insurance producer license?
A business entity that acts as an insurance producer in any manner (sells, solicits, negotiates, advertises, collects commission) must be licensed in Michigan.
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What is a licensed producer?
Background: People who wish to sell, solicit or negotiate insurance in the United States must be licensed as a "producer". The term producer includes insurance agents and insurance brokers.
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What is a designated agent in Michigan?
A designated agency is when two agents from the same broker represent the parties in a real estate transaction. Designated agency can also be called appointed agency. In a designated agency situation, each party is able to get representation from a different agent, although both agents work for the same broker.
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Who pays deductible if not at fault in Michigan?
Standard collision coverage: If you have standard collision coverage, you pay the deductible even if you are not at fault.
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