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6 Cards in this Set
- Front
- Back
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Certificate of authority |
Allow insurers to sell in the state making them admitted and authorized |
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Stoc companies |
Are owned by shareholders issue Jon participating policies and dividends are taxed |
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Mutual companies |
Are owned by policy owners, issue participating policies and dividends are not taxed. |
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Domestic |
Means the insurer is incorporated and selling in this state |
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Foreign |
Means the insurer is selling in this state, but they are incorporated in a different state. |
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Alien |
Means the insurer is headquartered in another country. |
