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What is an insurer formed under the laws of another state called when doing business in a state?

Domestic insurer

Foreign insurer

An insurer formed under the laws of another state is classified as a foreign insurer when conducting business in a different state. This terminology is used to differentiate between insurers based on their state of incorporation.

A domestic insurer is one that is incorporated in the state where it is doing business, whereas a foreign insurer specifically refers to an entity incorporated in a different state. The term international insurer typically applies to companies that operate across national borders. Similarly, while out-of-state insurer might seem appropriate, it does not capture the nuances of legal definitions and regulatory contexts used in insurance law.

This framework is important for understanding the regulatory environment and the way insurance companies are classified based on their geographic and legal standings.

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International insurer

Out-of-state insurer

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