MGA case studies
MGA · Put your knowledge to work in context.
The MGA (Managing General Agent) credential is a professional designation for insurance professionals who work as, or with, managing general agents - intermediaries that hold delegated underwriting, binding, or claims authority from a carrier. It suits underwriters, agency principals, program managers, and brokers moving into delegated-authority roles, and it tests whether you understand both the insurance substance and the business of running a delegated program. The MGA case studies are 5 cases and about 3,831 words.
1Bakery Fire, Coinsurance, and Spoiled Inventory
Northside Bakery's building has a replacement cost of 1.5 million. The owner, Priya, bought a commercial property policy with a 1 million building limit, an 80% coinsurance clause, a 5,000 deductible, and business income coverage with a 72-hour waiting period.
683 words, about 3 min2Term Replacement After a Diabetes Diagnosis
Daniel, 58, is married, earns 180,000, and has a 220,000 mortgage, 600,000 in retirement savings, and two independent adult children. Six years ago he bought a 750,000 20-year level term policy at preferred rates.
785 words, about 4 min3Surgeon With a Hand Injury: Own-Occupation, Residual, and Overhead
Elena Patel is a 46-year-old orthopedic surgeon with a 12,000-per-month individual disability income policy. It has a 90-day elimination period, a 24-month own-occupation definition, then any-occupation, a residual disability rider, and a 3% COLA.
778 words, about 4 min4Hidden Leak, Mold, and a Mortgagee Claim
The Hendersons own a 25-year-old house insured on an HO-3 with 450,000 dwelling replacement cost, contents at actual cash value, a 2,000 deductible, and a standard mortgagee clause naming Tri-State Mortgage. In January they notice a dark stain on the ceiling below an upstairs bathroom.
832 words, about 4 min5Annuity Sale at a Free-Lunch Seminar
A 79-year-old widow, Ruth, has 310,000 in bank CDs, Social Security of 1,900 per month, and a modest pension of 900. She has no long-term care insurance and wants 'safe income' of 1,500 per month from savings.
753 words, about 4 min