The NAIC model regulation defines a Managing General Agent as “any person who":
(1) Manages all or part of the insurance business of an insurer (including the management of a separate division, department or underwriting office).
(2) Acts as an agent for such insurer. An MGA acts, in a limited way, as an underwriter.

The contract between the South Dot and the insurer spells out its specific duties, but generally South Dot performs some or all of the following tasks:

- Bind coverage and issue policies
- Process endorsements to existing policies
- Underwrite and price policies
- Negotiate commissions
- Appoint retail agents
- Adjust losses and resolve claims
- Receive or prepare account reports and communicate them to the insurer and state regulators, as required.

South Dot’s most valuable partnerships is with Large Reinsurance Brokers which provides to South Dot with access to broader spectrum of clients.

These include:

South Dot has developed a number of in-house products catering for trade and specialist organisations.
Areas covered by these products include wineries, farming, fi shing and aquaculture in the primary sector, manufacturing, hospitality, caravan parks, motor trades and sporting clubs, mining, Enegery, on & off-shores facilities among many.

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Products available: