Which Insurers Are Not Required to Have a Certificate of Authority? Certificates of Authority in Insurance Business
A Certificate of Authority is required for an insurer to transact insurance business in a state. However, some insurers are exempt from this requirement, such as: Surplus lines insurers, who provide coverage for hard-to-insure risks. They are not directly regulated by states. Reinsurers, when they are transacting reinsurance business authorized by their state of domicile. … Read more