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P&CNJeasy

Under N.J.S.A. Title 17, an insurance company organized under the laws of a country other than the United States that is admitted to transact insurance in New Jersey is classified as which type of insurer?

ADomestic insurer
BForeign insurer
Alien insurer
DReciprocal insurer

Why this is the answer

N.J.S.A. Title 17 distinguishes domestic insurers (organized under New Jersey law), foreign insurers (organized under another U.S. state's laws), and alien insurers (organized under the laws of a foreign country). A non-U.S. carrier admitted in NJ is therefore an alien insurer.

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