Texas Statutes and Rules Common to Life and Health Insurance
A life insurer chartered in Ohio is admitted to do business in Texas. What is its classification in Texas?
Answer and explanation
Answer: C. A foreign insurer is one organised in another US state or territory. Being admitted to Texas by certificate of authority does not change its domicile.Source: Texas Insurance Code — Tex. Ins. Code ch. 801, foreign and domestic insurer classifications
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