What is the document permitting an insurer to transact insurance in Arkansas known as?

The document that allows an insurer to legally conduct insurance transactions in Arkansas is known as a Certificate of Authority. This certificate is issued by the state insurance department and signifies that the insurer has met all the regulatory requirements to operate within the state. It ensures that the insurer is compliant with state laws and regulations, providing a level of protection for consumers by guaranteeing that the insurer is qualified to offer insurance products.

In contrast, the other options do not accurately describe this specific document or its function. A License to Operate is a more generic term and does not reflect the formal terminology used in the insurance industry. An Insurance Registration lacks the necessary legal context for insurers under regulatory frameworks and does not represent the official authorization required. An Insurance Code refers to the body of laws that govern insurance practices, rather than a specific authorization document. Therefore, the Certificate of Authority is the precise term used for the document that permits an insurer to transact business in Arkansas.