Which term best describes an insurance entity engaged in international operations?

The term that best describes an insurance entity engaged in international operations is "alien insurer." This designation refers to an insurance company that is incorporated in a different country than where it is conducting business. In this context, if an insurance entity is operating in one jurisdiction but is chartered or formed in another country, it fits the definition of an alien insurer.

This is particularly relevant in the context of regulations and laws governing insurance. The classification of an insurer as alien can impact how it is regulated, the protections afforded to policyholders, and the structure of cross-border insurance transactions. Understanding the specifics of different types of insurers—such as domestic insurers that operate solely within their home country, and global insurers that may not fit neatly into the definitions of domestic or alien—helps clarify the significance of international operations in the insurance industry.