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An agency affiliation must be added or inactivated as persons join or leave the agency. The Insurance Business Entity Affiliate Disclosure form (FIS 0200) is used to add or inactivate the affiliation. There is no fee required to submit this form.
The form can be used to add or remove more than one DRLP and/or affiliate of the Insurance Business Entity.
MCL 500.1205(2)(b) requires a business entity to identify a Designated Responsible Licensed Producer (DRLP) in order to obtain a license. 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. The DRLP does not have to hold all the same lines of authority as the agency; however, the DRLP is responsible for ensuring agency compliance with all laws and regulations.