Insurer prohibited from allowing an unlicensed adjusting firm, agency, managing general agent or third party administrator to act on its behalf
351.03An insurer shall not allow an adjusting firm, an agency, a managing general agent or a third party administrator to act on its behalf, unless the adjusting firm, agency, managing general agent or third party administrator, as the case may be,
(a)
holds the appropriate licence issued under this Act, or
(b)
is exempted under this Act or the regulations from the requirement to hold the licence.