Texas Statutes and Rules Common to Life and Health Insurance
A life insurer organised under the laws of Canada is admitted to transact insurance in Texas. How is it classified?
Answer and explanation
Answer: C. An alien insurer is chartered outside the United States. It may still be admitted to Texas by obtaining a certificate of authority and meeting Texas requirements.Source: Texas Insurance Code — Tex. Ins. Code ch. 801, alien insurer classification
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