SureTrust Insurance, operating in Texas, is considered what type of insurer?

SureTrust Insurance, operating in Texas, is classified as a foreign insurer. A foreign insurer refers to an insurance company that is incorporated or organized in one state but operates in another state. In this case, if SureTrust Insurance is incorporated outside of Texas but conducts its business within Texas, it qualifies as a foreign insurer.

The concept of domestic insurers applies to companies that are incorporated within the same state where they operate, which does not apply to SureTrust if it is based outside Texas. An alien insurer, on the other hand, is one that is incorporated outside of the United States, which is also not the case for SureTrust if it operates specifically within the U.S. Lastly, an exempt insurer typically refers to entities that are not required to be licensed or regulated in the same manner as typical insurance companies; however, this classification does not align with standard definitions related to jurisdiction and location of incorporation.