How many days does the commissioner have to approve or deny a certificate of authority application?

The correct answer is based on the regulations governing insurance companies and their operations in Georgia. According to the laws, the commissioner of insurance has a specific timeline within which they must act on a certificate of authority application. The requirement is that the commissioner has 90 days to either approve or deny the application. This timeframe allows for a thorough review of the applicant's qualifications, financial condition, and compliance with regulatory standards before granting the ability to conduct insurance business in the state.

Other options may suggest shorter or longer durations, but they do not align with the established regulations. The 90-day period ensures that there is sufficient time for due diligence while also providing a reasonable timeline for applicants awaiting a decision.