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.
Further, it would reduce the affidavit requirement on brokers when procuring non-commercial lines insurance--they would need to only record the name of the carrier, National Association of Insurance Commissioners' number and the information the agent/broker relied upon to indicate why the authorized insurer might write the type of coverage and class of insurance involved.
E As a last question relating to potential risk transfer problems, could an insurance contract provided with GR from an authorized insurer pose such problems, given that it establishes a certain range of premiums for certain ages and risk groups and so forth?
KYC covered entities: Universal, commercial, thrift, rural, and cooperative banks; offshore banking units and quasi-banks; pawn shops and dealers in precious metals and stones; insurance, reinsurance, and pre-need companies, agents, and brokers; mutual benefit associations and holding companies controlling any authorized insurer; trust funds/entities; securities broker/dealers, sales representatives, consultants, and managers; investment houses and mutual funds; foreign exchange dealers, money changers, remittance/transfer agents, and electronic money issuers; entities dealing in currency, financial derivatives, cash substitutes, and similar monetary instruments; and lawyers and accountants
Deposits and Guarantees required: Confirmation that the contract is awarded an object-related professional liability insurance for bodily injury and for property or pecuniary damage from an authorized insurer in the EU will be completed.
The owner of the motor vehicle of the authorized insurer shall be liable to pay in the case of death or permanent disablement due to accident arising out of the use of motor vehicle compensation mentioned in the Second Schedule (Section 163A).
[section]624.155(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..." and F.S.
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." In concierge practices, the patient pays an annual fee in exchange for certain medical services beyond what a health insurer covers.
Under the Arkansas proposal, the bill would: Require all service contracts to be insured by a reimbursement insurance policy issued through an authorized insurer.
1306, a consumer seeking private flood insurance would be freed from diligent search requirements that would otherwise mandate he or she first see that no authorized insurer is actually writing that class of coverage in the state, or that the coverage amounts are in excess of those available from authorized insurers.
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.
KYC covered entities: Universal, commercial, thrift, rural, and cooperative banks; offshore banking units and quasi banks; pawn shops and dealers in precious metals and stones; insurance, reinsurance, and pre-need companies, agents, and brokers; mutual benefit associations and holding companies controlling any authorized insurer; trust funds/entities; securities broker/dealers, sales representatives, consultants, and managers; investment houses and mutual funds; foreign exchange dealers, money changers, remittance/transfer agents, and electronic money issuers; entities dealing in currency, financial derivatives, cash substitutes, and similar monetary instruments; and lawyers and accountants
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