Which term refers to an insurer organized outside of the United States?

The term that refers to an insurer organized outside of the United States is "Alien Insurer." This classification is used specifically to designate insurance companies that operate in a state but are incorporated or domiciled in another country. The distinction is important for regulatory purposes, as the laws and regulations governing these insurers may differ from those of domestic or foreign insurers.

An "Independent Insurer" generally refers to any insurer that operates independently, without ties to a larger parent company, but it does not specifically indicate where the company is organized. "Foreign Insurer," on the other hand, pertains to an insurer that is incorporated in another state within the U.S., not outside the country, which is a crucial difference. "Captive Insurer" describes a type of insurance company that is established to provide coverage for its parent company or a group of related companies, rather than indicating the geographical origins of the insurer. Understanding these terms helps clarify the landscape of insurance entities and their regulatory environments.