Definition of alien insurance company

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An Alien Insurance Company is an insurer that has incorporated or formed in one country and provides its service to another country.

An alien insurance company has to follow the rules and regulations of that country where it provides its service.

For example, an insurance company is incorporated in the United Kingdom and provides its service in the USA is known as Alien Insurance Company.

In the USA, every state has some particular practice and requirements to allow alien insurer for offering its services. To carry on its business Alien insurer must follow the local insurance laws and regulations.

Some of Alien Insurer in the USA are CNA Insurance Company Limited, Arch Insurance Company (Europe) Limited, Great Lakes Insurance SE.

These kinds of companies also known as “Alien company”.

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