In Rhode Island, an insurer licensed to conduct business in Rhode Island, but domiciled in New Jersey, is called a?

An insurer that is licensed to conduct business in Rhode Island but is domiciled in another state, such as New Jersey, qualifies as a foreign company. This classification is based on the fact that the insurer operates in a state other than the one where it is incorporated.

To elaborate, domestic companies are insurers that are incorporated in the state in which they operate. Alien companies refer to insurers that are incorporated in a country other than the United States but may operate within the U.S. Regional companies typically refer to insurers that operate in a limited number of states within a specific geographical area, but that term does not specifically apply to the situation where the company is based in a different state.

Therefore, the correct designation for the insurer described in the question is indeed a foreign company, as it reflects the relationship between the state of incorporation (New Jersey) and the state of operation (Rhode Island).