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A managing general agent (MGA) or managing general underwriter (MGU) is a specialized type of insurance agent that is vested with one or more core functions normally performed internally by an insurer carrier, such as product design, underwriting, binding coverage and handling claims.
A managing general underwriter is an organization granted authority by one or more insurers to underwrite and administer insurance programs for the insurer(s).
What Is the Main Difference Between an MGA and an MGU? Unlike an MGA, an MGU isnt required to be licensed. But MGAs have more control over their operations.
How to Get Your Vermont Insurance License Complete an Insurance Exam Prep Course. Pass Your Vermont Licensing Exam. Apply for a Vermont Insurance License. Plan to Complete Required Insurance Continuing Education (CE) Credits.
An MGU is a specialized insurance agent or broker who works with an insurer. MGUs use their expertise to work as underwriters for professional liability insurance and surplus lines of insurance. However, in addition to underwriting, MGUs can perform a number of tasks, including: Marketing.
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Compensation - MGAs usually earn a commission based on the amount of business they generate. Some companies pay commissions at different levels depending on the type of policy sold.

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