question 7 of 15\nwhich of the following must an insurer obtain in order to transact insurance within a…

question 7 of 15\nwhich of the following must an insurer obtain in order to transact insurance within a given state?\na. producers certificate\nb. certificate of authority\nc. business entity license\nd. insurers license

question 7 of 15\nwhich of the following must an insurer obtain in order to transact insurance within a given state?\na. producers certificate\nb. certificate of authority\nc. business entity license\nd. insurers license

Answer

Brief Explanations:

An insurer (insurance company) needs a specific authorization document to legally sell insurance in a state. A certificate of authority is the required credential for insurers to transact insurance business within a state. Producer certificates are for individual agents, business entity licenses are for agency businesses, and insurer's license is not the standard term for this specific state authorization.

Answer:

B. Certificate of authority