What Does Certificate of Authority Mean?

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What does Certificate of Authority mean? Read on to discover the definition & meaning of the term Certificate of Authority - to help you better understand the language used in insurance policies.

Certificate of Authority

Certificate of Authority

A Certificate of Authority (COA) is a license issued by the state to an insurance company that allows the company to conduct its business. Insurance companies acquire COAs by sending an application to the state along with all of the required documentation.

We hope the you have a better understanding of the meaning of Certificate of Authority.

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