I'm trying to find information on what a typical MGA override is. (percentage of the written premium MGA is paid by the company to cover their expenses -separate from commissions)
I would appreciate any information anyone has on this f(or a typical override %), or where to go to find this information.
Looking for MGA Info
Moderators: Josh, independent guy
Re: Looking for MGA Info
that's not something we typically divulge, but I wouldn't call it an override. We get paid XX% commission when we write something. We pay the agent a commission and keep the rest for ourselves.
AND, it is important to point out that the commission paid by our markets varies.
AND, it is important to point out that the commission paid by our markets varies.