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An insurer incorporated under the laws of the state in which it is operating is considered to be a(n) ________ insurer?

A. Domestic.
B. Foreign.
C. Alien.
D. Interstate.

User Zelko
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1 Answer

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Final answer:

A domestic insurer is a company that is incorporated and operates in the same state it offers insurance services, as opposed to foreign or alien insurers.

Step-by-step explanation:

An insurer incorporated under the laws of the state in which it is operating is considered to be a domestic insurer. The term 'domestic' in the context of insurance refers to a company that is incorporated and operates in the same state it offers insurance services. This is opposed to a 'foreign' insurer, which is a company that is incorporated in one state but operates in another, or an 'alien' insurer, which refers to a company that is incorporated in a country outside of the United States but does business within the United States.

User Hot Zellah
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