What term refers to insurance companies that are originally licensed in another country?

Prepare for the Georgia State GEICO Licensing Test with interactive quizzes featuring flashcards and multiple-choice questions. Equip yourself with hints and explanations to ensure you're ready for your exam!

The term that refers to insurance companies that are originally licensed in another country is "alien companies." In the context of insurance, an alien company is one that is based or incorporated in a different country from where it is operating or selling insurance policies. This designation is important for regulatory purposes, as these companies must adhere to both the laws of the country where they originated and those of the country in which they are providing insurance.

"Foreign companies," on the other hand, typically refer to businesses that are incorporated in a different state than where they are conducting operations, so it doesn’t specifically pertain to international licensing. "Domestic companies" are those that are incorporated and licensed to operate within the same state, while "international companies" does not have a standardized definition in the insurance context and could refer to companies operating in multiple countries without a specific origin designation.

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