A foreign insurance company doing business in Louisiana is defined as:

• A. A company formed in a foreign country
• B. A company formed in Louisiana
• C. A company formed under the laws of another state
• D. A company organized by the federal government

Answer: (C)

The main idea is the jurisdiction where the insurer was formed. A foreign insurer is one that was formed under the laws of another state (not Louisiana) and is authorized to transact in Louisiana. This distinguishes it from a domestic insurer (formed in Louisiana) and from an insurer formed in a foreign country (alien). The federal government doesn’t typically organize private insurance companies, which is why that option isn’t how these classifications are used.