1. Before an insurance company may transact insurance business in Iowa it must first obtain from the Commissioner a:

Certificate of authority

An insurer must hold a certificate of authority issued by the Commissioner before it may transact insurance in Iowa.

2. An insurer incorporated and headquartered in Iowa is classified for regulatory purposes as a(n):

Domestic insurer

A domestic insurer is one formed under the laws of the state in which it is doing business.

3. An insurer formed under the laws of another U.S. state but admitted to do business in Iowa is a(n):

Foreign insurer

From Iowa's viewpoint, an insurer chartered in another state is a foreign insurer.

4. An insurer organized under the laws of a country outside the United States is referred to as a(n):

Alien insurer

An alien insurer is one organized under the laws of a country other than the United States.