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Insurance is regulated by the states. When an insurer wishes to conduct business in a state, there is an application and examination process which must be done. The state insurance regulator examines the company for sufficient financial resources, staffing, honesty of the persons behind the company, and various other factors.

If the insurer checks out and meets the requirements of the law, it is issued a license, often called a Certificate of Authority. Each state in which the insurance company transacts business has a record of the insurer having been issued one. You can therefore contact the state insurance regulatory authority (usually called the Department of Insurance) in the state capitol to determine whether the insurer is authorized to transact business in the state.

You will also need to ensure that the company is authorized to transact the kind of insurance that you seek. That is, make sure that it has a certificate of authority for property and casualty insurance, if that is what you seek, or life and health insurance, if that is what you seek.

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14y ago

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