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Looking for MGA Info

Posted: Thu Apr 15, 2010 7:15 am
by kristinv
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.

Re: Looking for MGA Info

Posted: Thu Apr 15, 2010 11:24 am
by E&S Man
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.