What term describes insurance companies organized outside the US?

The term that describes insurance companies organized outside the United States is "alien." This classification is specifically used in the context of insurance to designate those companies that are formed under the laws of a country other than the United States. When an alien insurance company operates in a state within the US, it must adhere to the regulations and requirements of that state, even though it is incorporated elsewhere.

In contrast, a domestic insurance company is one that is organized under the laws of the specific state in which it is operating, and a foreign insurance company is one that is incorporated in another state within the US, but not outside of it. The term "international" is not commonly used in this context and does not accurately define the relationship of an insurance company to the US.

Thus, understanding these terms is crucial for grasping how insurance companies are categorized based on their place of incorporation and for navigating the legal environment of insurance in different jurisdictions.