Authorized Insurer

Authorized Insurer

A company that has received a license in a U.S. state to sell insurance in that state. Because each state has its own insurance regulations, each has the ability to set standards for authorized insurers. An insurance company operating in multiple states must be an authorized insurer in each state it does business.
References in periodicals archive ?
Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.
155(3)(a), which states that "[a]s a condition precedent to bringing an action under this section, the department and the authorized insurer must have been given 60 days' written notice of the violation.
Ralph Tyler held an informational hearing in December in an effort to determine whether the arrangements "cross the line to trigger obligations as an authorized insurer.
Under the Arkansas proposal, the bill would: Require all service contracts to be insured by a reimbursement insurance policy issued through an authorized insurer.
Deposits and Guarantees required: Confirmation that the contract is awarded a professional liability insurance for bodily injury and for property or pecuniary damage from an authorized insurer in the EU will be completed.
The bill also clarifies that limited insurance policies or certificates may only be sold by an authorized insurer or an eligible surplus lines insurer.
A provision of the injunction says Mollin must refrain from "advertising or marketing insurance in any manner" unless it's done for an authorized insurer.
It contended that under Florida law a purchasing group may purchase insurance for risks located in the state only from a risk retention group that is certified or licensed in the United States, an authorized insurer or an eligible surplus lines insurer.
Financial Services Authority (FSA) authorized insurer and does not conduct business in the United Kingdom or provide direct insurance to any individual or entity therein.
Deposits and Guarantees required: Proof of an existing liability insurance with an authorized insurer in the EU by at least introduce insurance policy or a confirmation of the insurer that the following minimum amounts are granted a project basis by the insurer in case of order.
Stricter regulatory regime reflecting the standards of a traditional authorized insurer.
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