Question

In California, an insurer organized under the state laws of Oregon is called a(n):

a) Foreign insurer
b) Domestic insurer
c) Surplus line insurer
d) Reinsurer

Answer 1

In California, an insurer organized under the state laws of Oregon is called a Foreign insurer.

Step-by-step explanation:

In California, an insurer organized under the state laws of Oregon is called a Foreign insurer. A foreign insurer is an insurance company that is organized and licensed in a state or country other than the one in which it does business. In this case, since the insurer is organized under the laws of Oregon and operating in California, it would be considered a foreign insurer.