What is the Definition of Foreign Insurance Company?

What is the Definition of Foreign Insurance Company?

Name given to an insurance company based in one state by the other states in which it does business.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Foreign Insurance Company?

What is the Definition of Foreign Insurance Company?

You can find random definition and meaning of insurance terms below:


Meaning of Personal Injury Protection Coverage/Pip in Insurance Terms

Portion of an auto insurance policy that covers the treatment of injuries to the driver and passengers of the policyholder’s car.


Meaning of Peril in Insurance Terms

A specific risk or cause of loss covered by an insurance policy, such as a fire, windstorm, flood, or theft. A named-peril policy covers the policyholder only for the risks named in the policy in contrast to an allrisk policy, which covers all causes of loss

except those specifically excluded.


Meaning of Personal Lines in Insurance Terms

Property/casualty insurance products that are designed for and bought by individuals, including homeowners and automobile policies. (See Commercial lines)


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