What must all admitted companies in Connecticut do to operate legally?

To operate legally in Connecticut, all admitted companies must be licensed in the state. Licensing ensures that insurance companies meet specific regulatory standards set by the Connecticut Department of Insurance, which includes financial stability and adherence to state laws regarding consumer protection. This process helps ensure that policyholders are protected and that companies operate within the legal framework established for insurance practices.

The other options do not encompass the primary requirement for conducting insurance business in Connecticut. While registering with the federal government may be necessary for certain national-level regulations, it does not replace the necessity of holding a state license. Additionally, there is not a specific regulation regarding the minimum number of agents needed, as companies can operate with varying levels of workforce based on their size and market approach. Although paying an annual fee might be part of the regulatory process, it is not the foundational requirement for legality in operation, which is fundamentally ensured through the licensing process.