41-111. "CERTIFICATE OF AUTHORITY," "LICENSE" DEFINED. (1) A "certificate of authority" is one issued by the director evidencing the authority of an insurer to transact insurance in this state.
(2) A "license" is authority granted by the director pursuant to this code authorizing the licensee to engage in a business or operation of insurance in this state other than as an insurer, and the certificate by which such authority is evidenced.
History:
[41-111, added 1961, ch. 330, sec. 11, p. 645.]