MGA Agreement definition

MGA Agreement has the meaning set forth in Section 6.4.
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MGA Agreement means a contractual agreement giving an MGA contractual authority from one or more insurers to provide underwriting services, including negotiating and entering into binding authorities with Coverholders for the sale and fulfilment of policies, on behalf of the insurers.
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MGA Agreement means the Commercial Lines Managing General Agent Agreement, dated September 15, 2014, among the Company (including as successor by merger to the Constituent Companies), the Administrator and ACP Re.
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Examples of MGA Agreement in a sentence

  • The MGA Agreement shall provide, to the extent possible, for the payment of a commission to the managing general agent, which provides for equivalent economic benefit as the Ceding Commission provides.

  • Capitalized terms have the same definitions as are found in the MGA Agreement.

  • Pursuant to MGA Agreement § 19, NCM’s claims for breach of contract and indemnification are governed by North Carolina law.

  • Count VIII – “declaratory relief determining that Plaintiff is entitled to retain the funds in the Talus Account to the extent such funds are to be deducted from amount payable to WNIC under the terms of the WS MGA Agreement, free and clear of any lien, claim, or interest of WNIC or Defendant.” Id. ¶ 103 (emphasis added).

  • As referred to in the paragraph above, Mr Reches also controlled Aderia’s negotiation of the subsequent Berliner MGA Agreement.

  • Instead of terminating the MGA Agreement at this time, however, NCM and MFS negotiated a Modification to the Agreement (“Modification”), executed by both parties on November 18, 2002.

  • APPLICANT submitted a separate application for review of the MGA Agreement which the Department processed as a separate holding company transaction.

  • The MGA Agreement further requires Founders to provide an adequate supply of policy forms and endorsements to LIAC.But the MGA Agreement fails to set a deadline for Founders to issue policies and mail invoices.

  • Specifically, LIAC contends that the MGA Agreement is missing a number of essential terms.

  • Section 26 of the MGA Agreement further provided that, at the request of either party, executives of Founders and LIAC “shall meet at a mutually convenient place and time to discuss suggestions, concerns, issues, and the like.” A final term of relevance is the choice-of-law clause, which provided that “this Agreement shall be governed by Illinois law, without regard to principals [sic] of choice of law.”Almost immediately, the relationship between the parties grew strained.


More Definitions of MGA Agreement

MGA Agreement means the Personal Lines Managing General Agent Agreement, dated September 15, 2014, among the Company (including as successor by merger to the Constituent Companies), National General Insurance Marketing, Inc. and ACP Re.
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MGA Agreement has the meaning set forth in the Recitals.
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MGA Agreement means any contract, agreement, arrangement or understanding with or in respect of a managing general agent or any other insurance producer with binding authority.
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Related to MGA Agreement

  • CMPPA Agreement means the CMPPA Agreement between the SSA and CHHS.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures, contained in Annex 1A to the WTO Agreement;

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Development Agreement has the meaning set forth in the Recitals.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);

  • Transition Agreement means the Transition Power Sales Agreement dated as of November 24, 1998, by and between Seller, Southern Energy, Southern Energy Bowline, L.L.C. and Southern Energy Xxxxxx, L.L.C.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Services Agreement means an agreement entered into between a Utility and one or more Affiliates for the provision of Shared Services or For Profit Affiliate Services and shall provide for the following matters as appropriate in the circumstances:

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Assistance Agreement means a for- mal, written agreement between the CDFI Fund and an Awardee which specifies the terms and conditions of assistance under this part;

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Exclusivity Agreement , in relation to land, means an agreement, by the owner or a lessee of the land, not to permit any person (other than the persons identified in the agreement) to construct a solar pv station on the land;”;

  • Supply Agreement has the meaning set forth in Section 7.2.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Master Services Agreement means the master services agreement dated as of the date hereof, among the Service Providers, the Partnership, the Holding LP, the Holding Entities and others;

  • Umbrella Agreement means, as the context requires, either:

  • Secondment Agreement means the secondment agreement between one or more members of the Vishay Group, as the seconding party, on the one hand, and one or more members of the VPG Group on the other hand, listed on Exhibit I, in the substantially in the forms attached to such Exhibit. From and after the Distribution Date, the Secondment Agreement shall refer to the secondment agreement substantially in the form attached to Exhibit I, as amended and/or modified from time to time in accordance with its terms.