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Web what is an mga? Web in insurance, a managing general agent is defined legally as an individual or business entity appointed by an underwriting insurer to solicit applications from agents for. Mgas are insurance intermediaries, but unlike retail and wholesale brokers, they are often granted binding authority from insurance. Web what is an mga in insurance? Web an mga is an intermediary between the insurance carrier and the retail agent, providing underwriting, policy issuance, and claims handling services. A managing general agent (mga) is a type of insurance agent who has the authority to underwrite insurance policies. Web a managing general agent (mga) is a specialized type of insurance agent/broker that, unlike traditional agents/brokers, is vested with underwriting authority from an.