Life and Health Insurance Key Words

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Last updated 8:31 PM on 6/17/26
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4 Terms

1
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Alien insurer

 An insurance company incorporated or organized under the laws of any jurisdiction outside of the United States.

2
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Appointment

 The act of an insurance company authorizing a producer to transact insurance on their behalf.

3
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Authorized (admitted) insurer

An insurance company that has been issued a certificate of authority by the Commissioner, authorizing the company to transact insurance business in this state.

4
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Cease-and-desist order

 The Commissioner may issue a cease-and-desist order to any person found to have committed an unfair or deceptive act or violated a state insurance law.