In Florida, an insurer licensed to conduct business in Florida, but domiciled in New Jersey, is called a(n)?

In the context of insurance companies, an insurer that is licensed to operate in one state but is incorporated or based in another state is classified as a foreign company. In this case, since the insurer is licensed to conduct business in Florida but is domiciled in New Jersey, it falls under the definition of a foreign insurer in Florida’s insurance regulations.

The term "foreign company" is used to denote an insurance company that is established in a different state than where it is conducting business. This distinction is important for regulatory and licensing purposes, helping to clarify the jurisdiction under which the company operates.

In contrast, a domiciliary company refers specifically to an insurer that is incorporated in the state in question—in this scenario, that would pertain to an insurer based in Florida itself. A domestic company is also one that is incorporated in the state where it is doing business. An alien company would refer to an insurer that is incorporated in a foreign country and operates in the United States. Therefore, the classification as a foreign company accurately identifies the insurer’s operational and domicile relationship within the insurance landscape in Florida.