M270

Applied MGA Practices

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M270

About this course

In this course, you will deepen your understanding of what is required to establish an MGA program and explore responsibilities such as errors and omissions and underwriting. Using a problem-based scenario, you will apply key concepts to address challenges of establishing and operating an MGA.
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Topics covered

  • Building a Claims Program
  • Analyzing a Programs Market
  • Binding Insurance Policy Wording
  • Binder or Contract Support
  • In-House Legal Compliance
  • Privacy and Data Protection
  • E&O and Defending against Money Laundering
  • Prior Approval & Special Acceptance
  • Risk Management
  • Mitigating Risk Management
  • Underwriting & Pricing
  • The Future Marketplace of the MGA

Prerequisites

Before registering for this course, you must have completed or be in progress on the following:

• B210: Commercial Insurance Essentials or C70: Gateway to Commercial Insurance (completed), and

• M260: Fundamentals of Managing General Agents & Delegated Authority (completed or in progress)

We recommend that you also have at least two years’ experience as an insurance industry professional (broker, agent, underwriter, analyst) or have completed either C81 and C82 (GIE) or C11.
Earn the CMGA designation

To earn the CMGA designation, you will need to register for the CMGA Comprehensive Examination after passing the three required courses.



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Evaluation

Evaluation for this course is based on the following:

• Tests
• Online discussion
• Assignments

All evaluations are delivered through the course website during the term.
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