Personal Producing General Agent (ppga)
Definition of "Personal producing general agent (ppga)"
Individual appointed by the insurance company as an independent contractor. The agent receives various expense allowances for office-associated expenses and direct commissions on products sold as well as overriding commissions on products sold by other company agents. The PPGA usually has contracts to sell products from many different insurance companies. Insurance companies usually make available to the PPGA advanced sales technical support by supplying technicians and computer software and, in some instances, computer hardware.
Popular Insurance Terms
Organization following the format of Lloyd's of London. ...
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