What term describes an insurance company chartered in another country operating in the U.S.?

The correct term for an insurance company that is chartered in another country but operates in the U.S. is "alien." An alien insurer is one that is established according to the laws of a foreign jurisdiction, distinct from domestic insurers, which are chartered in the same state where they operate, and foreign insurers, which are chartered in another U.S. state. Understanding this terminology is crucial for recognizing how different types of insurers interact and are regulated within the U.S. insurance market.

This distinction is important because it affects aspects such as regulatory compliance, licensing requirements, and the legal framework within which the insurance company must operate while conducting business in the United States. Knowing these concepts helps in understanding the broader structure of the insurance industry and its operational dynamics.