Chapter 3 Flashcards
0
Q
Foreign insurer
A
Doing business in a state other than its incorporation
1
Q
Domestic insurer
A
One doing business in the state where it is incorporated
2
Q
Alien insurer
A
Incorporated in another country but doing business in the US
3
Q
Reasons for demutualizing
A
Raise new capital
Insurer diversification
Noncash executive compensation
