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Certified Managing General Agency CMA Designation Information Packet And Application For Calendar Year 2003 Dear AA MGA Member: Congratulations! By reviewing this packet of information, you are taking
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What is certified managing general agency?
A certified managing general agency (CMGA) is an insurance entity that is authorized to underwrite and manage risks on behalf of an insurance company or carrier.
Who is required to file certified managing general agency?
The insurance company or carrier that has appointed a managing general agency (MGA) as its authorized representative is required to file the certified managing general agency.
How to fill out certified managing general agency?
The certified managing general agency filing can usually be completed online through the state insurance department's designated platform. Specific instructions and forms may vary by state.
What is the purpose of certified managing general agency?
The purpose of certified managing general agency is to ensure proper oversight and regulation of managing general agencies, as they operate on behalf of insurance companies and carry out underwriting and risk management activities.
What information must be reported on certified managing general agency?
The information required to be reported on certified managing general agency includes details about the managing general agency, its appointed insurance company or carrier, the lines of business it underwrites, the personnel involved, and any other relevant information specified by the state insurance department.
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