What is the term used for an insurance company formed under the laws of Canada in North Carolina?

The term "alien company" is used to refer to an insurance company that is incorporated under the laws of a foreign country outside of the United States, specifically in this case, Canada. In the context of North Carolina and U.S. insurance terminology, an alien company operates in states like North Carolina but is not incorporated there. This classification is significant because it helps distinguish between companies based on their legal origin and regulatory jurisdiction.

A domestic company would be one chartered under North Carolina law, while a foreign company is one that is incorporated in another state within the U.S. The term international company generally refers to companies that operate on a global scale but does not specifically address the incorporation aspect relevant to the question. Thus, "alien company" accurately captures the status of an insurance entity formed under another country's laws, such as Canada, when operating within North Carolina.