Which of the Following Statements Is True About Types of Insurers

question 45

Multiple Choice

Which of the following statements is true about types of insurers and licensing requirements?

• A)If an insurer has a license in one state, he/she can conduct business in any state in the country.
• B)Companies chartered in a state are known as family insurers.
• C)Foreign insurers are those formed in another country.
• D)Alien insurers are those organized in another state.
• E)The commissioner has more control over domestic insurers than alien insurers.

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Definitions:

Statistica Neerlandica

A scholarly journal focusing on research in statistics, its methodology, and its applications.

West African Countries

Nations located in the Western part of Africa, including countries like Nigeria, Ghana, and Senegal, among others.

MPG-City

A measure of how many miles a vehicle can travel in city conditions per gallon of fuel.

Automobiles

Motor vehicles equipped with four wheels and an internal combustion engine or electric motor, designed for passenger transportation.