Lonestar MGA

Lonestar MGA sells its policies through a select network of professional independent insurance agents. Agents are vital to the company's organization and the service that the company provides to the company's customers. Their expertise, customer service and local presence are instrumental to the way the company promote and sell the company's produc... ts. Independent agents are not employees of Lonestar MGA; however, the company do compensate them for placing insurance with the company and for providing other customer service to the company's policy holders. The company pay agents a base commission for each insurance policy they sell. The commission is paid for new and renewal policies with Lonestar MGA. The commission is a percentage of the premium charged to the insured for the policy. The amount of the commission varies by the type of policy sold, state where agent does business, and a host of other variables. Throughout the year, the company may also provide incentives or contests to encourage agents to place business with Lonestar MGA. These contests generally offer either cash or prizes to the agent when he or she sells a particular Lonestar MGA product that the contest serves to promote. The company may also reimburse an agent's expenses relating to marketing activities. This may include advertising materials, training expenses, or goods and services that help to promote the company's company and the company's products. The company also may pay for business meals and provide other entertainment for the company's agents. From time to time, the company also send agents complimentary items of nominal value in order to introduce new products or services that are available to them and the company's customers.Read More