Question

An insurance company chartered in another country has been licensed to operate in your state. In your state the insurance company is:

Answer 1

When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.

What is insurance?

Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.

A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.

The benfits of these policy is that it offers better benefits in  terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.

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