Sector: Life & Health Insurance
Current Rule: Proposed Rule 2025-001 – Life and Health Insurance Managing General Agents (MGA Rule) open for public consultation until April 30, 2025.
FSRA is proposing a new rule to better protect consumers and strengthen oversight of life and health insurance managing general agents (L&H MGAs).
It will also help ensure consumers are treated fairly and consistently and they are receiving advice from well-trained and properly supervised agents.
History of the MGA Rule
The following is a timeline of the MGA Rule process, and the related documents published as per legislative requirements under the FSRA Act.