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In order to transact insurance business in Louisiana, a corporation must have a ____________ issued by the commissioner of insurance.

a) Business permit
b) Charter
c) Certificate of authority
d) Federal license

User Anegru
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1 Answer

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Final answer:

A corporation must have a Certificate of Authority to conduct insurance business in Louisiana, which is provided by the state's commissioner of insurance.

Step-by-step explanation:

The main goal of a CA is to verify the authenticity and trustworthiness of a website, domain and organization so users know exactly who they're communicating with online and whether that entity can be trusted with their data.

In order to transact insurance business in Louisiana, a corporation must have a Certificate of Authority issued by the commissioner of insurance. This certificate serves as a legal document allowing the corporation to conduct insurance operations within the state.

Obtaining a Certificate of Authority involves meeting the regulatory requirements set forth by the state’s Department of Insurance, which may include demonstrating financial stability and compliance with local insurance laws.

User BrettFromLA
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