Insurer Domicile and Admittance

Question 1

_____ – Refers to the jurisdiction (i.e., state or country) where an insurer is formed or incorporated.

Answer 1

Domicile

Question 2

M..

Answer 2

Surplus (Excess) Lines

Question 3

A_____insurer has either applied for authorization to do business in this State and was declined or they have not applied. They do not have a Certificate of Authority to do business in the State.

Answer 3

Non-admitted (Unauthorized)

Question 4

An_____ insurer is authorized by this State’s Commissioner of Insurance to do business in this State and has received a_____to do business in this State.

Answer 4

Admitted (Authorized)

Certificate of Authority

Question 5

What is the difference between Admitted vs. Non-admitted?

Answer 5

Refers to whether or not an insurer is approved or authorized to write business in this State.

Question 6

The _____ does not impact whether an insurer may be admitted to do business in this State.

Answer 6

domicile