What do you call a company that is organized under the laws of a foreign nation?

An insurer organized under the laws of a foreign nation is referred to as an Alien Insurer. This designation applies specifically to companies that are formed in other countries but conduct insurance business within the United States or in any other jurisdiction.

The terms used for insurers also include Domestic Insurer, which describes a company that is formed under the laws of the state in which it is operating, and Foreign Insurer, which indicates an insurance company that is chartered in another state but operates within its own. However, an Alien Insurer is distinctly recognized for being based outside the U.S. This classification is essential for regulatory purposes, as it helps differentiate the operational jurisdiction of the insurer and is important in the context of legislation and consumer protection within the insurance market. Understanding these definitions helps clarify the nature and origin of insurance companies in relation to the regulatory environment they operate under.