Home > Glossary

Countersignature

Countersignature

Definition

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

Related Products

Download Free Captive Report
Risk Financing
Captives and the Management of Risk

Navigation

Social Media

User ID: Subscriber Status:Free