The Excalibur Insurance Company, domiciled in Iowa, transacts business legally in Nebraska. In Nebraska, Excalibur is a(n):

Social Studies

1 answer:

Zarrin [17]2 years ago

5 0

Answer:

<h3>C. foreign insurance company </h3>

Explanation:

In the US, an insurance company that operates in other states through agents is called a foreign insurance company . These companies are incorporated from another home-state but can legally operate in other states as well.
The Excalibur Insurance Company, domiciled in Iowa, transacts business legally in Nebraska. In Nebraska, Excalibur is a foreign insurance company.
It is because the Excalibur Insurance Company is incorporated in Iowa so it becomes a foreign company in Nebraska.

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