If an insurer is incorporated in Rhode Island, but primarily does business in New York, what type of insurer is this considered

Question

DaniilM [7]

2 years ago

13

If an insurer is incorporated in Rhode Island, but primarily does business in New York, what type of insurer is this considered

in New York

Business

1 answer:

jek_recluse [69] · Answer 1 · 2023-07-13T11:45:57+03:00

If an insurer is incorporated in Rhode Island, but primarily does business in New York. This is called foreign insurer.

<h3>Who is an insurer?</h3>

An insurer can be defined as a person who insured a person or a person who provide insurance coverage.

An Insurer has their business situated or established in the United States of America but carried out is business activities in another country like New york this will be tend to be called foreign insurer in New york because the business is not domiciled in New york but United state of america.

Inconclusion this is called foreign insurer.

Leafrn more about foreign insurer here:brainly.com/question/26035780