User:Oblivy/Unauthorised insurance

Unauthorised insurance is the

Background
In most jurisdictions the government maintains the power to license and regulate insurance companies. A company that does not obtain government permission is said to be engaging in the unauthorized business of insurance.

Validity of Contracts
Contracts issued by an insurer not authorised to conduct business in the jurisdiction may not be enforceable. They may be invalid, or may be voidable at the policyholder's option.