Which of the following is true about an Alien Company?

An Alien Company refers to an insurance company that is chartered outside of the United States. This designation is important in understanding the regulatory landscape of insurance providers, as it determines the jurisdiction in which the company operates and is regulated.

An Alien Company must comply with both the regulations of the state it operates in (such as Indiana) and the laws of the country in which it is chartered. This status can also affect how policyholders interact with the company, including claims processes and state protections.

While the other options provide different scenarios, they do not accurately define what an Alien Company is. For example, a company that is chartered in Indiana would be considered a Domestic Company. Similarly, a company based in Indiana but operating internationally would not fall under the Alien designation. Lastly, an Alien Company is not limited to selling insurance only within the U.S., as its operations and regulatory compliance extend beyond the U.S. borders.