MGA study guide
MGA · Work through your exam, one topic at a time.
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 study guide has 7 sections and about 2,018 words.
01General insurance principles and risk
Domain 1 tests how insurance transfers risk, how insurers pool and price it, and why underwriting and insurable interest exist. Expect questions that distinguish risk, peril, and hazard, and that apply insurable-risk criteria.
305 words, about 2 min02Life insurance fundamentals
Domain 2 tests life insurance mechanics: how mortality, interest, and expenses set premiums, and how term and permanent products fit different needs. Mortality tables estimate death rates; morbidity is for health.
280 words, about 1 min03Accident and sickness insurance fundamentals
Domain 3 tests accident and sickness coverage: disability income, accidental death and dismemberment, and medical expense plans. Focus on definitions that change benefits.
288 words, about 1 min04Policy provisions, riders, and contract law
Domain 4 tests contract formation and the standard provisions and riders that control claims. Learn which clause applies to which fact pattern.
294 words, about 1 min05Marketing, needs analysis, and product selection
Domain 5 tests fact-finding, suitability, and product selection. The exam rewards matching a product to a documented need, not naming a favorite product.
266 words, about 1 min06Ethics and market conduct
Domain 6 tests ethical selling and market conduct rules. The exam uses scenarios to distinguish honest disclosure from prohibited inducements.
297 words, about 1 min07Regulatory environment and agent responsibilities
Domain 7 tests the regulatory framework and the producer's ongoing duties. Know who regulates what and what an agent may do without a current appointment.
288 words, about 1 min