Glossary of Terms |
Company Status
The state of the license at a particular time.
Active: Company licensed to transact business. Agree Not To Write: Company has agreed not to write new business, but is still allowed to support previously written business. Contingent: The status of a company where additional information is needed to re-activate the license. Denial: The Department of Insurance has determined that the license shall not be activated at this time. Pending: Status automatically assigned to a new license that has not been activated. Revoked: Company lost its licensing privileges. Temporary: Sole proprietary company not required to obtain a permanent agency license. Only Bail Bond companies will have this status assign. |