In New Jersey, an insurance company formed in New Jersey with offices in New York...

An insurer formed under the laws of New Jersey is a domestic insurer in New Jersey, even if it also maintains offices in another state. The classification depends on the insurer’s jurisdiction of formation, not where every office is physically located. A foreign insurer is one formed under the laws of another U.S. state but authorized to transact insurance in New Jersey. An alien insurer is formed under the laws of another country. A mutual insurer is classified by ownership structure, meaning it is owned by policyholders rather than stockholders; that term does not answer where the insurer was formed. The question says the company was “formed in New Jersey,” so the answer is domestic insurer. The New York office is irrelevant to the domestic/foreign/alien classification. For exam purposes, use this rule: domestic = this state, foreign = another U.S. state, alien = another country. Reference topics: Insurer Classification, Domestic Insurer, Foreign Insurer, Alien Insurer.