An insurance company structured in a different state is termed:

An insurance company structured in a different state is termed "foreign" because it operates in a state that is not its state of incorporation. The term "foreign" is used to categorize insurance entities that are licensed and operating in a state outside of where they were formed. This is an important distinction in the insurance industry, as regulations and licensing requirements may vary from state to state.

For instance, if an insurance company is incorporated in Florida but operates in Georgia, it is considered foreign in Georgia. Conversely, if an insurance company is incorporated in Florida and operates there, it would be termed "domestic." An "alien" company refers to an insurer that is incorporated in another country, not just another state, which is a separate categorization. A "captive" insurer is a subsidiary created to provide insurance for its parent company and is not directly related to the geographic classification of foreign or domestic. Thus, "foreign" accurately describes an insurance company that originates from a different state than where it is currently conducting business.