Naic uniform application 2025

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Protects consumers: The Certificate of Authority helps to protect consumers by ensuring that the insurance company is financially stable and meets state requirements for conduct and solvency.
The Uniform Certificate of Authority Application (UCAA) is a uniform process used only for risk-bearing entities to obtain or amend a certificate of authority (license). A risk-bearing entity is an insurance carrier that writes and pays claims on the policies written.
Uniform application refers to the consistent enforcement and implementation of laws, regulations, or policies across different regions or groups within a political or economic system.
A certificate of authority grants permission to collect sales taxes, use sales tax proceeds, and file tax returns ing to the guidelines of that state. A business license allows a business to operate in a specific jurisdiction.
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