M270: Applied MGA Practices

This course is not available for registration at this time. Please see the Key Dates on the Program Courses page for further information.

In the third course of the MGA program, you will examine several key principles that will round out your understanding of what is required to establish an MGA program, along with areas of responsibility such as errors and omissions and underwriting. A problem-based scenario will be used throughout several weeks of the course to provide you with an opportunity to apply key concepts to address challenges that can arise when establishing and operating an MGA.

TOPICS COVERED
• Building a Claims Program
• Analyzing a Programs Market
• Binding Insurance Policy Wording
• Binder or Contract Support
• In-House Legal Compliance
• Privacy and Data Protection
• E&O and Defending against Money Laundering
• Prior Approval & Special Acceptance
• Risk Management
• Mitigating Risk Management
• Underwriting & Pricing
• The Future Marketplace of the MG

COURSE MATERIALS
Course materials include a textbook.

EVALUATION
Evaluation for this course is based on the following:
• Tests
• Discussion
• Assignments

All evaluated work is delivered and submitted through the course web page on our e-learning website. The tests are unproctored.

COURSE SCHEDULE
Length: One term (13 weeks).

Delivery: Facilitated online learning. There is no weekly live class, but all students follow the same weekly schedule for readings, assignments, and graded online interaction. Students should plan to log in to the course website at least twice a week to participate in graded activities. The course facilitator provides guidance and grades student work.

Time commitment: About 6–8 hours per week to complete readings, assignments and other activities.

PREREQUISITES
Before registering for this course, you must have completed or be in progress on the following:
• B210: Commercial Insurance Essentials or C70: Gateway to Commercial Insurance (completed)
and
• M260: Fundamentals of Managing General Agents & Delegated Authority (completed or in progress)

We recommend that you also have at least two years’ experience as an insurance industry professional (broker, agent, underwriter, analyst) or have completed (at a minimum) either C81 and C82 (GIE) or C11.

WHO SHOULD REGISTER?
The Canadian Managing General Agent program is designed for
• Professionals working in the MGA space who want to further their training and acquire a formal credential
• Insurance professionals with a passion for entrepreneurship
• Underwriters who want a role that is challenging, fast-paced, and evolving