An insurance company chartered in New Jersey is considered

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Multiple Choice

An insurance company chartered in New Jersey is considered

Explanation:
In insurance terminology, domestic, foreign, and alien describe where an insurer is chartered relative to the state in which it operates. A company chartered in New Jersey is a domestic insurer in New Jersey because it was formed and licensed there. A foreign insurer is chartered in another state but does business in this state, while an alien insurer is chartered outside the United States. So, because this insurer is chartered in New Jersey, it is domestic.

In insurance terminology, domestic, foreign, and alien describe where an insurer is chartered relative to the state in which it operates. A company chartered in New Jersey is a domestic insurer in New Jersey because it was formed and licensed there. A foreign insurer is chartered in another state but does business in this state, while an alien insurer is chartered outside the United States. So, because this insurer is chartered in New Jersey, it is domestic.

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