What type of insurance company operates with its home office in another state but is licensed to sell coverage in Florida?

A foreign insurance company is one that operates with its home office in a different state from where it is licensed to sell insurance. In this context, since the question specifies that the company has its home office in another state but is authorized to conduct business in Florida, it fits the definition of a foreign insurer.

Domestic insurance companies, on the other hand, are those that are incorporated and operate within the same state where they issue policies. An alien insurance company refers to one whose home office is located outside of the United States, which is not applicable here since the reference is to a company operating within the U.S. states. While a multinational insurance company operates in multiple countries, it does not specifically describe a company's state-based licensing situation. Therefore, the correct classification for an insurer that is licensed in Florida but has its home office in another state is indeed foreign.