What type of company holds a Certificate of Authority in Indiana?

The term "Certificate of Authority" refers to the official approval a company needs to operate as an insurance provider in Indiana. An admitted company is one that has met the necessary state regulatory requirements and has been granted authority to sell insurance products within that state. This status indicates that the company complies with state laws, including capitalization, reserves, and conduct standards, making it a part of the state's regulatory framework.

Admitted companies have the advantage of being more trusted by consumers, as they are subject to rigorous oversight and regulation by the state's insurance department. This oversight ensures that policyholders' interests are protected, as admitted companies are required to follow specific consumer protection laws and practices. Therefore, companies holding a Certificate of Authority in Indiana are classified as admitted companies, thereby confirming their compliant status and capacity to conduct insurance business in the state.