Managing general agent or "MGA" means any person who:

Managing general agent or "MGA" means any person, firm, association or corporation who manages all or part of the insurance business of an insurer, including the management of a separate division, department or underwriting office, and acts as an agent for such insurer whether known as a managing general agent, manager or other similar term, who, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, and underwrites an amount of gross written premium equal to or more than 5% of the policyholder surplus as reported in the last annual statement of the insurer in any one quarter or year together with one or more of the following:

Managing general agent or "MGA" means:

Examples of Managing general agent in a sentence

Designation as a m Managing general agent -- eighty dollars ($80).
There is no provision for the involvement of social partners or representatives of civil society in the final decision-making committees of the EEA and Norwegian Financial Mechanisms.
Cost savings attributed to projected increased sales due to the offering of a premium reduction plan of insurance are not considered an efficiency, nor are proposed reductions in loss adjustment expenses, unless such reductions in loss adjustment expense are a result of implementing loss adjustment procedures authorized by RMA.* * * * *Managing general agent (MGA).
Managing general agent" means a person defined in section 3905.71 of the Revised Code.
Managing general agent" (M.G.A.) means any person acting in the capacity of supervisor or manager over a licensed bondsman, who has been granted the authority or responsibility bya surety company an insurer to conduct surety business on its behalf, and to oversee the activities and conduct of the surety's appointed licensed bondsman agents of the insurer, and who generally functions as an intermediate manager between the surety insurer and its licensed bondsman agents.

More Definitions of Managing general agent

Managing general agent means an entity that meets the definition of managing general agent under the laws of the State in which such entity is incorporated and in every other state in which it operates, or in the absence of such State law or regulation, meets the definition of a managing general agent or agency in the National Association of Insurance Commissioners Managing General Agents Act, or successor Act.

Managing general agent means an individual or legal

Managing general agent means an insurance agent that manages all or part of the business of an insurer and carries out specific activities on behalf of that insurer, including:

Managing general agent means any person appointed or employed by an insurer to supervise or otherwise manage the bail bond business written in this state by surety bail bond agents appointed by such insurer;

Managing general agent means any individual, partnership, corporation, or limited liability company which:

Managing general agent means a person that:

Managing general agent. (M.G.A.) means any person acting in the capacity of supervisor or manager over a licensed bondsman, who has been granted the authority or responsibility by an insurer to conduct surety business on