An insurance company is chartered under the laws of another country and wants to sell policies in Savannah, Georgia. Under the Georgia classification scheme, this company would be regulated as:

Why A is correct

Under O.C.G.A. § 33-3-1, an insurer incorporated under the laws of another country is an ALIEN insurer when it transacts business in Georgia. The domicile of incorporation controls the label: Georgia charter = domestic, other U.S. state = foreign, other country = alien — and each classification carries its own licensing requirements with the Insurance Commissioner.

Why the other options are wrong

• B) Foreign is the label for an insurer chartered in another U.S. STATE under O.C.G.A. § 33-3-1; a charter from another country is alien.
• C) Domestic applies only to insurers incorporated under Georgia law; a foreign-country charter can never be domestic under O.C.G.A. § 33-3-1.
• D) A fraternal benefit society is a member-based organization operating on a lodge system, not the domicile classification O.C.G.A. § 33-3-1 assigns to a foreign-country insurer.

Memory hook

Chartered overseas? Georgia calls it alien.