Question

A certificate of authority does which of the following? gives an agent authority to represent a specific insurance company permits an agent to solicit insurance in north carolina permits a decreased agent's relative to act as an agent for a limited period of time permits an insurance company to transact business in north carolina

Answer 1

the correct option is D

permits an insurance company to transact business in North Carolina

a certificate of authority also known as COA allows a person or their agency to conduct business in non-residence state. If for example you are not from N.Carolina, the state department will require verification of this document before registering the agency.