A company chartered in Alabama would be considered what type of insurance company in Ohio?

A company chartered in Alabama is classified as a foreign insurance company when operating in Ohio. This classification arises from the way insurance companies are categorized based on their registration relative to a particular state. A domestic insurance company refers to an entity that is incorporated and operates within the state in question—in this case, Ohio. An alien insurance company is one that is incorporated outside of the United States entirely.

Since the insurance company in question was chartered in Alabama, it is regarded as foreign in Ohio because it is not incorporated in that state but rather in a different one. This reflects the designated terminology used in the insurance industry, where a foreign company is one that operates in a state other than where it was originally chartered or licensed. Understanding these terms is essential for determining how companies are regulated and the compliance requirements they must meet in various jurisdictions.