What requisite characteristic must an 'authorized' insurer have?

An 'authorized' insurer must possess a current certificate of authority issued by the state director. This certificate confirms that the insurer has met all regulatory requirements and has been granted permission to conduct insurance business within the state. It serves as a legal endorsement recognizing the insurer's compliance with state laws and regulations, ensuring that they are financially stable and capable of fulfilling their obligations to policyholders. This is crucial for maintaining consumer protection and confidence in the insurance market.

Other options like having a valid insurance policy offering or a high rating from national insurance commissions, while important, do not directly define the status of an insurer being "authorized" in the state. Having an established business presence for a long duration may contribute to an insurer's reputation but does not necessarily equate to being authorized. The defining factor in this context is the official certification that enables the insurer to operate legally within Idaho.