What is the Definition of Alien Insurance Company?
An insurance company incorporated under the laws of a foreign country, as opposed to a “foreign” insurance company which does business in states outside its own.
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 Insurance?
What is the Definition of Alien Insurance Company?
Check out other definition of insurance terms below:
What is the Meaning of PER STIRPES BENEFICIARY DESIGNATION In Insurance Terms?
A type of life insurance policy beneficiary designation in which the life insurance benefits are divided among a class of beneficiaries; for example, children of
the insured. The living members of the class and the descendants of any deceased members of the class share in the benefits equally. Contrast with Per capita beneficiary designation.
What is the 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.
What is the Meaning of PERIOD CERTAIN In Insurance Terms?
The stated period over which an insurer makes periodic benefit payments under an annuity certain. (See Annuity certain)
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