Question

A(n) _______of authority permits an insurance company to transact business in Indiana.

a) award

b) stamp

c) document

d) certificate

Answer 1

The correct answer is 'certificate'.

Step-by-step explanation:

The correct answer to the question is d) certificate. A certificate of authority is a document that grants an insurance company the legal permission to operate and transact business in a particular state, such as Indiana. This certificate proves that the insurer has met the necessary requirements and regulations to provide insurance coverage in that state.