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The Office of General Counsel issued the following opinion on October 3, 2003, representing the position of the New York State Insurance Department.

Re: Managing General Agent Sharing Office Space with an Insurer.

Question Presented:

Pursuant to the New York Insurance Law, may a managing general agent share office space with an insurer?

Conclusion:

Nothing in the New York Insurance Law would prohibit a managing general agent from sharing office space with an insurer.

Facts:

No specific fact pattern was provided.

Analysis:

Our research reveals that there is nothing in the New York Insurance Law that would prohibit a managing general agent from sharing office space with an insurer.

For further information you may contact Senior Attorney Pascale Joasil at the New York City Office.

Department of Financial Services

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