Which term refers to an insurance company that is incorporated outside the United States?

The term "alien insurer" specifically refers to an insurance company that is incorporated outside the United States. In the context of insurance terminology, the classification of an insurer is based on its state of incorporation relative to the location of the policyholder.

An alien insurer operates in the United States but is established in another country. This definition is important for regulatory purposes, as each state has its own licensing and regulatory requirements for insurers. Understanding these classifications helps consumers and professionals navigate the insurance landscape, ensuring compliance with local laws while obtaining coverage from providers that may be based outside the country.

This term helps distinguish between domestic insurers, which are incorporated in the same state where they conduct business, and foreign insurers, which are incorporated in another state within the U.S. The classification of an insurer as alien is crucial for understanding its regulatory obligations and the protections available to policyholders.