How are IMO, MGA, and BFA different?

busyday · 06-06-2008, 07:59 PM

Hi everyone, I want to know how IMO, MGA, and BFA different or are they the same. Also I am looking to work with one of the company? I specialize mostly recruiting only. Thanks.

WIN · 06-06-2008, 08:15 PM

Quote:

Originally Posted by busyday

Hi everyone, I want to know how IMO, MGA, and BFA different or are they the same. Also I am looking to work with one of the company? I specialize mostly recruiting only. Thanks.

I know not what want.

TimLett · 06-07-2008, 03:19 AM

Quote:

Originally Posted by busyday

Hi everyone, I want to know how IMO, MGA, and BFA different or are they the same. Also I am looking to work with one of the company? I specialize mostly recruiting only. Thanks.

An IMO is simply an Independent Marketing Organization, also known as an FMO (Field Marketing Organization), also known as a IFMO (Independent Field Marketing Organization). This group typically operates a lead program which it uses to generate leads to sell to agents that are contracted with insurance carriers through the IMO.

An MGA is a Master General Agent/Agency. This licensed entity manages business for an insurer and acts as a producer and/or manager of producers. MGA contracts are typically reserved for agencies who write higher amounts of annual premium.

As for a BFA.....
A Bachelor of Fine Arts is a great idea
The Bahamas Football Association is not the NFL
The Balloon Federation of American will take you higher
The Bicycle Federation of America will take you for a ride
Bibles for America is a worthy cause
The British Fencing Association will get their point across

Hope that helped.

somarco · 06-07-2008, 09:11 AM

Quote:

I specialize mostly recruiting only

Do you know Oleg?

Bob_The_Insurance_Guy · 06-07-2008, 10:22 AM

Oh, Oleg!

Me so much miss him!

Always want to case-split him with, coz he so well wordwise talking. His client paste much be prout of him to be their agent.

What a truant professorional was he.

Bob_The_Insurance_Guy · 06-07-2008, 10:24 AM

Listen,

If you're a recruiter, can you forward me your information. I host a job seekers group, and want to let everyone know who to stay away from.

Or, is this......

SPAM

somarco · 06-07-2008, 10:35 AM

#2 -

You are so bad . . .

tommyk · 06-07-2008, 08:06 PM

BFA = Bunch of Freeking Agents????????????????

jeffery_scott76 · 07-12-2008, 09:48 AM

Quote:

This group typically operates a lead program which it uses to generate leads to sell to agents that are contracted with insurance carriers through the IMO.

So, is that quite like the Affiliate system?

Mr. Bill · 07-12-2008, 11:30 AM

Busyday and Jeffrey_scott76, you two should hook up

moonlightandmargaritas · 07-12-2008, 11:41 AM

Quote:

Originally Posted by busyday

Hi everyone, I want to know how IMO, MGA, and BFA different or are they the same.

Additionally, would be curious as to how they interface with:

BFD
WTF, and
AMF