Insurance company organized or incorporated doing business under the laws of some other state of the United States, such as a company organized under the laws of New York doing business in Missouri. This corporation is a foreign company in Missouri. Technically, an insurance company chartered in a foreign country is called an alien company , whereas a company chartered in another state than that in which it is doing business is referred to as a foreign company .
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Term used in the U.S.A. to describe an Insurance Company established in one U.S. State when it is operating in another.