|
Created by Det Ferraris
about 11 years ago
|
|
Direct Response
Managing General Agent (MGA)
(memorize)
MGA acts as an agent and produces and underwrites gross direct written premium equal to or more than 5%.
(memorize)
MGA adjusts or pays claims in excess of an amount determined by the commissioner.
(memorize)
MGA negotiates and binds ceding insurance on behalf of the insurer.
Home Service
Non-insurance Sponsors
Distributing Systems
Agency
Exclusive (Captive)
Independent