Question

States require companies to have a license to sell insurance in the state. The license is called

A) Statewide Insurance Permit (SIP)
B) Insurance Sales Authorization (ISA)
C) State Insurance License (SIL)

Answer 1

The license required for companies to sell insurance in a state is called State Insurance License (SIL).

Step-by-step explanation:

The license required for companies to sell insurance in a state is called State Insurance License (SIL). It is a legal requirement for insurance companies to obtain this license in order to operate in a specific state and offer their insurance products to its residents.