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 in respect of a Subsidiary, the shareholders' agreement in effect or to be entered into between the Company (or another Group Company), the Underwriters and such Subsidiary; "MIP" as defined in clause 8.1;
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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.

  • All services related to claims, underwriting and administration with respect to Policies reinsured hereunder shall be provided by National General pursuant to the PL MGA Agreement.

  • Subject to Section 2.1 above, this Agreement shall not be subject to termination by any Party except upon the termination or expiration of the PL MGA Agreement, the expiration of all liability on all Policies, and the complete performance by Reinsurer and the Companies of all obligations and duties arising under this Agreement.

  • APPLICANT has represented to the Commissioner that per its terms, the MGA Agreement will function as a management agreement and managing general agency agreement between APIC and American Physicians Insurance Agency, Inc., an agency that will provide the administrative services for the day-to-day operations of APIC.

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

  • During the term of this Agreement, Manager shall receive (a) a commission equal to 10% of all business written, (b) the amount of commissions payable to producing Agents for all business written and (c) an allocated portion of the Loss Adjustment Expenses paid by the Manager pursuant to the Cut-Through MGA Agreement.

  • APPLICANT has represented to the Commissioner that the parties involved in providing the services under the Advisory Services Agreement will not be involved in providing any of the services under the MGA Agreement.

  • All services related to claims, underwriting and administration with respect to Policies reinsured hereunder shall be provided by AmTrust pursuant to the CL MGA Agreement.

  • All operations of Quick-Sure have been conducted in accordance with the terms of the LRA Agreement and the MGA Agreement.


More Definitions of MGA Agreement

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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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.

  • Development 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:

  • 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;

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

  • 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.

  • Master Services Agreement means the master services agreement among the Service Providers, the Partnership, BRELP, the Holding Entities and others;

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

  • Secondment Agreement is defined in Section 2.2.