MLchartDataset catalogue

Foreign insurer

Term · Insurance and risk management · MLC-T-INS-001565

An insurer incorporated in a different state from the one where it writes business, in contrast to a domestic insurer chartered in that state and an alien insurer chartered in another country. Under U.S. state insurance law, a foreign insurer must obtain a certificate of authority in each state where it is admitted to sell policies. Federal tax law uses the word differently, meaning an insurer organized outside the United States.

Table 1. Record
IdentifierMLC-T-INS-001565
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001565",
  "term": "Foreign insurer",
  "field": "Insurance and risk management",
  "definition": "An insurer incorporated in a different state from the one where it writes business, in contrast to a domestic insurer chartered in that state and an alien insurer chartered in another country. Under U.S. state insurance law, a foreign insurer must obtain a certificate of authority in each state where it is admitted to sell policies. Federal tax law uses the word differently, meaning an insurer organized outside the United States.",
  "url": "https://mlchart.com/terminology/insurance/foreign-insurer/"
}

Record 1,448 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.