P&COhioeasy
Under Ohio insurance law, an insurer organized under the laws of another U.S. state but transacting insurance in Ohio is classified as which type of insurer?
Foreign insurer
BDomestic insurer
CAlien insurer
DReciprocal insurer
Why this is the answer
Ohio insurance law, like other states', distinguishes domestic (formed under Ohio law), foreign (formed under another U.S. state's laws), and alien (formed under the laws of a foreign country) insurers. An out-of-state U.S. insurer doing business in Ohio is therefore a foreign insurer.
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