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Eddi Din [679]
3 years ago
5

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

Social Studies
1 answer:
Zarrin [17]3 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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