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What is foreign insurer in insurance terms


A foreign insurer is an insurance company that is located in one state, but also writes policies for clients in other states. In effect, it is a domestic insurer doing business outside of the state in which it is domiciled.

What is an example of a foreign insurer?

For example: A company's home office is located in another state in the U.S. (including D.C., and other U.S. territories) and it is doing business in Florida. In Florida, this company would be known as a Foreign insurer.

What is the difference from a foreign insurer from an alien insurer?

(2) A "foreign" insurer is one formed under the laws of the United States, of a state or territory of the United States other than this state, or of the District of Columbia. (3) An "alien" insurer is one formed under the laws of a nation other than the United States.

What are the three types of insurers?

Among the largest categories of insurance companies are accident and health insurers; property and casualty insurers; and financial guarantors.




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