What is issued to an insurance company by the commissioner after approval of a financial statement to conduct business in Connecticut?

The certificate of authority is a crucial document issued to an insurance company by the insurance commissioner once the financial statements have been approved. This certificate signifies that the insurer is authorized to conduct business within the state of Connecticut. It essentially acts as a regulatory approval that ensures the company meets all necessary financial and operational standards as required by state law.

This document is important for maintaining the legality and credibility of the insurance provider within the state, allowing it to offer various insurance products and services to consumers. In contrast, while terms like operating license or business registration may relate to general business operations, they do not specifically pertain to the insurance industry or the regulatory context established by the commissioner for insurers. A certificate of compliance is often used in different regulatory contexts, but it does not provide the same authority to conduct insurance business as the certificate of authority does. Thus, the correct answer, the certificate of authority, is pivotal in ensuring that insurance operations comply with state regulations and are financially sound.