Home > Glossary

Compulsory Insurance Requirements


The requirement that foreign countries impose on businesses to purchase certain types of insurance coverage to operate in the country—for example, fire insurance on certain types of buildings, automobile liability, workers compensation, or inland marine on goods transported by trucks. Frequently, these coverages must be purchased from an admitted insurer in the host country or from the foreign government itself.

Related Products

Get started IRMI Sidebar ad
Agricon sidebar banner


Social Media

User ID: Subscriber Status:Free