Which term describes an insurance company incorporated outside the United States?

The term that describes an insurance company incorporated outside the United States is "Alien Insurer." This classification is used in the insurance industry to clarify the geographic origin of insurance companies. An Alien Insurer is one that is established under the laws of a jurisdiction outside the U.S. and operates within the U.S. market.

Understanding this classification is crucial for recognizing the regulatory differences that may apply. For example, Alien Insurers might face specific requirements and oversight depending on both the state where they operate and the laws of their home country.

In contrast, a Domestic Insurer refers to a company that is incorporated in the same state where it does business, while a Foreign Insurer is one that operates in a state but is incorporated in a different state within the U.S. A Mutual Insurer is a type of company owned by its policyholders rather than shareholders, which relates to the structure of the company rather than its geographic origin.