Questions: An insurance company formed in a country other than the United States is called a(n) A. foreign B. alien C. non-admitted D. domestic

An insurance company formed in a country other than the United States is called a(n) A. foreign B. alien C. non-admitted D. domestic
Transcript text: An insurance company formed in a country other than the United States is called a(n) A. foreign B. alien C. non-admitted D. domestic
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Solution

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The answer is the second one (B): alien.

Explanation for each option: A. Oforeign - This is not a standard term used in insurance terminology. B. O alien - Correct. An insurance company formed in a country other than the United States is referred to as an "alien" insurer. C. O non-admitted - This term refers to an insurance company that is not licensed to operate in a particular state, but it does not specify that the company is from another country. D. 10 domestic - This term refers to an insurance company that is formed and operates within the same state.

Summary: An insurance company formed in a country other than the United States is called an alien insurer.

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