MGA (Managing General Agent)
Definition. A Managing General Agent (MGA) is a specialty wholesaler that has carrier authority to underwrite, bind, and issue policies on the carrier's behalf in a specific niche.
Also known as: MGA, Wholesale Broker
MGAs specialize in niche commercial classes — tow truck, cannabis, hazmat, special events — where carriers can't justify dedicated underwriting staff. Independent agents access these niches through the MGA. MGU (Managing General Underwriter) is similar but underwriting-only without binding authority.
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