Insurance companies charge premiums for covering the cost of the risks they insure. After thorough research, they set the premiums at certain levels that make them profitable. However, there is little information available to consumers about the types of various insurance companies. For instance, we often hear the terms: Domestic Insurer, Foreign Insurer, and Alien Insurer, but we have little understanding of what they mean. In this blog, we will talk about the Alien Insurers in detail and compare its definition with that of Domestic and Foreign insurance companies.
Domestic insurance company:
It refers to […]