Which of the following is any person who has authority to bind, or manages all or part of the assumed reinsurance business of a reinsurer and acts as an agent for the reinsurer?
a) Reinsurance agent
b) Reinsurance manager
c) Managing general agent
d) Rein

Answer: C) Managing General Agent. A managing general agent (MGA) is any person who has authority to bind, or manages all or part of the assumed reinsurance business of a reinsurer, and acts as an agent for the reinsurer. An MGA is typically a specialist who works with a variety of reinsurers and is in a position to provide third-party advice on the best coverage for a particular circumstance.