What defines an alien insurer?

An alien insurer is defined as an insurance company that is incorporated and operates in a different country from where it is providing services. This means that the insurer's home office is located outside the jurisdiction in which it is conducting business. Therefore, an alien insurer is one that may offer its policies to clients in another nation, providing coverage that is subject to the regulatory framework and legal requirements of that country, in addition to those of its home country.

The option discussing an insurer that operates solely within its country of origin pertains more to domestic insurers, which do not cross international boundaries in their operations. The mention of funding domestic claims exclusively does not align with the definition of an alien insurer, as it implies a limited operational scope rather than the cross-border characteristics that define alien status. Moreover, the option that describes only offering property coverage is irrelevant, as alien insurers can provide a wide range of insurance products beyond just property coverage, including life, health, and liability insurance as well.