Certificate Of Authority

Definition of "Certificate of authority"

Written statement by an insurance company attesting to the powers it has vested in an agent.

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Related Real Estate Glossary terms

Compound Interest

An interest rate that is applicable when interest in subsequent periods is earned not only on the or ...

Direct Capitalization

A capitalization method which divides a properties first year net operating income by an estimated g ...

Public Domain

Right to an item belongs to the public at large so anyone can use it. An example is a real estate ...

Exculpatory Clause

Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a ...

Retainer Clause

Provision in a nonproportional reinsurance contract that the reinsurance will protect only the busin ...

Attorney-at-law

An individual who has been admitted to practice law in his/her state. He or she is approved to repre ...

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The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

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