Established in 1984, MGL Consulting Corporation is nationally recognized as a leading provider of Risk Management and Business Solutions to the financial services industry. We specialize in mitigating regulatory threats and capitalizing on businessopportunities. MGL’s complete suite of offerings includes broker/dealer and investment advisor registration and compliance, insurance licensing and appointments, Professional Development programs and consulting services covering a wide spectrum of managerial, financial, regulatory and business expansion challenges. Insurance Offerings Staying current with insurance licensing, continuing education and appointment processing can be an arduous task for any insurance firm. MGL Consulting Corporation provides professional licensing and appointment services to make sure insurance agents and brokers keep their licenses current with every state where they do business. Our services include: Licensing MGL provides comprehensive assistance to meet all of your licensing needs, including Life & Health, Property & Casualty, Surplus Lines, Risk Purchasing Groups and Corporate Qualifications. Our services are designed to provide you with a professional licensing program that will give you more time to focus on your clients’needs and your business-building efforts. Our staff will:
Establish an escrow account to facilitate the collection and prompt payment of filing fees on your behalf,
Prepare all required paperwork to be submitted to each state’s Insurance Department where you require licensing,
Make full filing submissions with the various state insurance departments on your behalf, and
Monitor and provide you with web-based detailed tracking reports through our Navigator™ System to keep you up to date with the status of your application until each license application is complete with the state.
Continuing Education MGL can work closely with you on all aspects of continuing education ("CE") whether its course selection or compliance monitoring. Services include:
MGLU.com. This state-of-the-art website offers a broad selection of securities-based and insurance pre-licensing and continuing education training opportunities. For more information regarding these opportunities,please visit us at www.mglu.com.
Custom Course Development. With its deep industry expertise and experience, MGL can design specific programs that will meet diverse training needs to help you achieve business objectives.
CE Tracking. MGL can also help agents meet their CE requirements by sending reminder emails 30-, 60-, and 90-days in advance of statutory deadlines. Your CE hours are tracked and notice is provided to you of upcoming dates and hours needed, giving you the opportunity to complete any hours needed for renewal.
License Renewals MGL provides its customers with license renewal assistance including notification of upcoming renewal dates by state, completion of renewal applications on your behalf,prompt filing with each state department of insurance as required, monitoring of each renewal application and detailed reporting for all license renewals we handle on your behalf. Our Annual Maintenance Program (AMP) takes care of this automatically. Insurance Company Appointments We can work together with appointing insurance carrier(s) to handle your appointment by the carrier and with each state’s department of insurance through which you are seeking licensure. Our detailed tracking service will further provide you with up-to-date reports reflecting where each agent is licensed, the company appointments for each license, and their respective approval/appointment dates. Ongoing Regulatory Compliance MGL regularly assists agents and agencies with all regulatory filing requirements. We provide notice to all departments of insurance of name and/or address changes;changes in insurance company affiliation; changes in agency affiliation and any other such filing as may be required to meet your particular needs. MGL is also available to consult with agents and agencies and assist with the resolution of regulatory inquiries and or administrative actions. Insurance Audits Routine Compliance Audits are an important component of an insurance firm’s compliance program. MGL’s PRO (Prevention, Reassurance, Opportunity) program is an across-the-board on site audit review designed to be much more than an inspection. In many instances, it’s a pathway to future growth. Professional Development MGL can also work closely with you on a wide variety of programs to develop your most important asset…people. We provide all the basic licensing and training programs to meet regulatory requirements plus higher level instruction that can be customized and delivered in a variety of multi-media platforms. Our Professional Development experience and resources have consistently moved clients and staff to new levels of performance whether it’s someone new to a management role or a team that needs Transition Management skills. Full Service MGL allows firms to focus more time and resources on what they do best - servicing clients’ needs and building new business. We are a strong, reliable business partner that can provide you with Direction, Solutions ... and Unparalleled Service. For more information, visit www.mglconsulting.com or call 281-367-0380.