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24 June, 08:07

An insurance company is domiciled in Montana and transacts insurance in Wyoming. Which term best describes the insurer's classification in Wyoming?

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  1. 24 June, 11:21
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    Foreign insurer

    Explanation:

    A foreign insurer is an insurance company domiciled in a different than the state it issues insurance policies. In other words this is an insurance company doing business outside the state in which it is currently housed. As expected insurance companies such as this must observe the insurance laws or laws in the jurisdiction in which they issue insurance policies.
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