What typically gets waived for foreign and alien insurance companies?

The correct answer is that fiscal examinations are typically waived for foreign and alien insurance companies. In many jurisdictions, foreign and alien insurers—those that are incorporated or domiciled outside of the state or country—may be subject to different regulatory requirements compared to domestic companies. This is often due to pre-existing financial regulations established by their home jurisdictions.

Waiving fiscal examinations for these companies is a way to streamline the regulatory process, recognizing that they are already overseen by regulatory bodies in their own jurisdictions that perform similar examinations. This avoids the redundancy of having to conduct another examination by the state insurance department.

Other elements, such as licenses, insurance rates, and tax filings, generally still apply even to foreign and alien companies. They may not be exempt from licensing requirements, and they would still need to comply with applicable insurance rate regulations and tax obligations in the jurisdictions in which they operate. Thus, while they may benefit from waived fiscal examinations, other regulatory requirements remain in effect.