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countersignature

Countersignature refers to state insurance laws that require an insurance policy to be signed by not only the insurer issuing the policy but also an agent residing in the state where the risk is located.

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countersignature

Countersignature refers to state insurance laws that require an insurance policy to be signed by not only the insurer issuing the policy but also an agent residing in the state where the risk is located.

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Risk retention groups (RRGs) have resisted compliance with countersignature laws, since this increases the cost of policy issuance.