Florida Insurance Claims Adjuster License Practice Exam

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When a company incorporated in Massachusetts does business in Florida, what type of company is it considered in Florida?

  1. Unauthorized company

  2. Domestic company

  3. Foreign company

  4. Alien company

The correct answer is: Foreign company

A company incorporated in Massachusetts is considered a foreign company in Florida, as it is conducting business outside of its state of incorporation. An unauthorized company is one that does not have the proper permits or licenses to conduct business in a specific state. A domestic company is one that is incorporated and conducts business within the state in which it was incorporated. An alien company is one that is incorporated outside of the United States and conducts business within the country.

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