What term is given to an insurance company that operates in states other than the one in which it is based?

The term designated for an insurance company that operates in states outside of its home state is "Foreign Insurance Company." In the regulatory framework of insurance, a foreign company is defined as one that is incorporated or established in a different state from where it is doing business. This classification is essential for determining the legal regulations and licensing requirements that the company must adhere to in each state where it operates.

Understanding this terminology is crucial for adjusters, as it affects how claims are processed, the laws that govern the company's operations, and how they interact with policyholders in different locations. Since these companies deal with the complexities of multi-state regulations, they may have different compliance requirements and subject to varying state laws.

The other terms have specific meanings that do not align with the question's context, such as "Domestic Insurance Company," which refers to an insurance provider operating solely within its home state, and "Alien Insurance Company," which pertains to companies that are established in countries outside the U.S. and do business in the U.S. "Inland Insurance Company" is not a recognized term in this context and does not relate to the operational scope of an insurance company across state lines.