Alien Insurer
Definition of "Alien insurer"
Insurance company formed according to the legal requirements of a foreign country. In order for an alien insurer to be able to carry on general operations and sell its products in a particular state in the United States, it must conform to that state's rules and regulations governing insurance companies.
Popular Insurance Terms
Coverage on an all risks basis for fur garments belonging to customers of a furrier. ...
Policy whose premiums, cash value, and face amount are guaranteed (all values are fixed and do not fluctuate according to the loss experience, expenses, and investment returns of the ...
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Division of a loss among insurance policies in the proportion that each policy bears to the total coverage applicable to the loss. For example, assume Policies A, B, C, and D have $50,000, ...
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Exceptions and limitations of coverage; that is, the maximum amount of insurance coverage available under a policy. ...
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