Posted: Tue Jan 08, 2008 9:34 am Post subject: Is this what you're looking for?
Hi,
if you're talking about the MGA which is registered with the NIRA (National Insurance Recruiters Assoc), then i must tell you that they are a consultancy firm in NJ, who are into a wide range of activities-
* Supports the insurance job fair to be held each year
* Stores information of around 11,500 insurance professionals
* Offer insurance employees on a long term basis as well as a per-diem basis.
* Creates recruitment opportunities for CPCU & CIC candidates
So, you see how they are already into a lot of things!
Regards, Blackduelswhite _________________ Register Now to have your Insurance queries solved.
Posted: Tue Jan 08, 2008 10:39 am Post subject: my message
Hi there,
Let me explain it in my own ways-
MGA can be an individual as also a corporation who has to perform the following duties:
(i) Leads & coordinates the insurance contracts for the insurer & manages his business over all with all its divisions & departments.
(ii)MGA is called the Managing General Agent & works for the insurer towards underwriting a sum of gross premium that is written off directly which is a minimum of 5% of policyholder's surplus (depicted in the last annual statement) for that term.
Hope, my message is understandable to all!
Leopard_corpses77 _________________ Register Now to have your Insurance queries solved.
Posted: Tue Jan 08, 2008 10:52 am Post subject: bounded by a contract
But Leopard_corpses77 I feel the following people won't be considered as individuals if they are (a)employed with that carrier (b)an underwriter who is bounded by a contract to guide & pursue the insurer's operations & (c)any attorney associated with an inter-insurance transaction. Take care guys...n do keep in touch! Ronniexxx _________________ Register Now to have your Insurance queries solved.
Or, an MGA is a Managing General Agent and is nothing more than someone who is a little higher in the food chain than the agents who are knocking on doors and cold-calling potential clients. MGAs have usually graduated above this and are now teaching others to do their dirty work.
MGAs typically receive an over-ride from any policies sold by the people on their "team" or agency. There could be several teams or other types of groups in any one main office.
Also note the GA is a General Agent and an SGA is a Supervising General Agent
If you would let me know which insurance company you are referring to, I'll give you a more detailed description of these positions and whether-or-not they are important to anyone else other than themselves.
Mark _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
