Code & Ethics Flashcards on G4: Distributing Systems, created by Det Ferraris on 31/05/2013.
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Created by Det Ferraris
over 11 years ago
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Close
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Created by Det Ferraris
over 11 years ago
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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
