General Insurance
An insurer incorporated in Ontario, Canada writes business in New York. How is it classified in New York?
Answer and explanation
Answer: C. The classification follows the place of incorporation: domestic in its own state, foreign in another state of the United States, alien in another country. It is a separate question from whether the insurer is admitted, which turns on the certificate of authority.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, domestic, foreign, and alien
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