Primerica - Company Location And Authorization

Front 1

Insurance Industry Regulation

Back 1

 State regulates the insurance industry

 Securities products like variable insurance and annuities are regulated by the state and also by the SEC

Front 2

Domestic

Back 2

 Domestic - incorporated in the state they are doing business (i.e. Florida)

Front 3

Foreign

Back 3

 Foreign - incorporated in another state (i.e. Georgia or Texas) or territory (i.e. Guam or Puerto Rico) but doing business in Florida

Front 4

Alien

Back 4

 Alien - incorporated in a Country outside the United States (i.e. Canada or England) but doing business in Florida

Front 5

Authorized / Admitted

Back 5

 All insurance companies (domestic, foreign, alien) must have a license to conduct business in a state regardless of where the company is incorporated

 An authorized (admitted) company has a Certificate of Authority to conduct business in a State

Front 6

Non-authorized / Non-admitted

Back 6

 A non-authorized (non-admitted) company does not have a Certificate of Authority to conduct business in a State

Front 7

Data Breach

Back 7

 All producers and insurers (licensees) must notify the Department of any security breach as soon as possible, but no later than 5 calendar days after the incident is identified

 Notification must be sent in writing via first class mail, overnight delivery or email