A company that is domiciled in another country is classified as which type of insurance company?

An insurance company that is domiciled in another country is classified as an alien company. This classification is used to distinguish companies based on their country of incorporation relative to the country in which they are conducting business.

When an insurance company operates in a country different from the one where it was established, it is labeled as an alien insurer. This designation acknowledges the company’s foreign status and allows regulators to manage and oversee its operations in accordance with local laws and regulations.

In comparison, a domestic company would be one that is incorporated in the same state or country where it operates, while a foreign company would be a domestic entity that operates in states or countries other than its own. The term international company is less commonly used in regulatory contexts and does not specifically define a company's domicile in relation to insurance classifications.