Which of the following is NOT true regarding a Certificate of Authority?

Which of the following is NOT true regarding a Certificate of Authority?


A. It is issued to group insurance participants.

B. It may be necessary for transacting business in a specific state.

C. It is equivalent to an insurance license.

D. It is issued by the state department of insurance.


Answer: A. It is issued to group insurance participants.

Popular posts from this blog

In insurance,