Which term describes an insurer incorporated in another state but licensed to operate in a given state?

The correct answer to the question is "Foreign Insurer." This term pertains to an insurer that is incorporated in one state but is licensed to conduct business in another state. Each state in the U.S. has its own insurance regulations and licensing requirements. Therefore, if an insurance company is based in a different state than where it is selling its policies, it is classified as a foreign insurer in the context of the state where it is licensed to operate.

In the context of this question, a domestic insurer would refer to an insurance company that is incorporated and doing business in the same state. An alien insurer, on the other hand, is one that is incorporated in a country outside of the United States, and an unauthorized insurer is one that is operating without the necessary licenses in a particular state. Understanding these classifications is crucial for comprehending how state insurance regulation works and how different companies are categorized based on their incorporation and business activities.