Which of the following permits an insurance company to transact business in Connecticut?

A certificate of authority is a formal document issued by the state regulatory authority, specifically designed to allow an insurance company to operate legally within that state. In Connecticut, as in many other states, obtaining this certificate is a crucial step for insurance companies seeking to provide coverage, sell policies, or conduct any form of insurance-related business. It ensures that the company meets all necessary regulatory requirements, including financial solvency and compliance with state laws.

The other options, while related to business operations, do not specifically address the unique requirements for insurance companies. A business license is generally for a broad range of business activities but does not individually certify a company for the insurance industry. An insurance certification might suggest some form of approval regarding a specific insurance product or qualification but does not grant the right to transact business as a whole. A state charter refers to the creation and governance of a corporation or entity but is not specific to the permissions required for conducting insurance operations.