An insurer incorporated in another state or territorial possession is called what?

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Classifying insurers by where they’re incorporated is about domicile. When an insurer is incorporated in a state or U.S. territory other than the one in which it’s doing business, it’s considered a foreign insurer in that state. The term foreign here means “not domestic to this state.” It’s not a domestic insurer because that would be the same state where it’s incorporated. It’s not an alien insurer because that refers to companies incorporated outside the United States. It isn’t about ownership type, so it isn’t a mutual insurer. For example, if a company is incorporated in New York and operates in Texas, it’s a foreign insurer in Texas.