Managing General Agent (MGA) definition

Managing General Agent (MGA) 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 a successor Act.
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Examples of Managing General Agent (MGA) in a sentence

  • If the Broker forwards business to the Company through a Managing General Agent (MGA), then this addendum is not effective unless and until the MGA Endorsement is received by the Company.

  • Prior to March 1, 1992, expenses were allocated between these subsidiaries based on a Managing General Agent (MGA) agreement between PAU and the other affiliates.

  • Independent producers usually work for themselves or for a General Agent (GA) or Managing General Agent (MGA).

  • When you buy a product from Foresters Life Insurance Company, I place this business through a Managing General Agent (MGA), .

  • SECTION A SECTION B Individual Agent Name (Print or Type) Signature of Agent Social Security Number Business Entity Name (Print or Type) Signature of Authorized Officer Name of Authorized Officer (Print or Type) Federal Tax Identification Number Name of Managing General Agent (MGA) or General Agent (GA) Signature of SBLI USA Life Insurance Company, Inc.

  • Broker(s) shall obtain approval from the County’s Risk Manager/Designated staff whenever a wholesale broker, intermediary or Managing General Agent (MGA) will be utilized for the County’s insurance placement and/or marketing purposes.

  • SECTION A SECTION B Individual Agent Name (Print or Type) Signature of Agent Social Security Number Business Entity Name (Print or Type) Signature of Authorized Officer Name of Authorized Officer (Print or Type) Federal Tax Identification Number Name of Managing General Agent (MGA) or General Agent (GA) Signature of S.USA Life Insurance Company, Inc.

  • While You are properly licensed, You are authorized to solicit, procure and transmit to the Managing General Agent (MGA) applications and deposits toward initial premiums for insurance products currently issued by Trustmark Life Insurance Company (Trustmark Life) and administered by Star Marketing and Administration, Inc.