ABC Life Insurance Company is incorporated in Massachusetts; how is it classified in New Jersey?

In New Jersey, an insurance company is classified based on its incorporation location relative to the state where it operates. Since ABC Life Insurance Company is incorporated in Massachusetts, it is categorized as a foreign insurance company in New Jersey. This classification holds because 'foreign' refers to any insurance company that is based in a different state within the United States than where it is conducting business.

For further context, a domestic insurance company would be one that is incorporated in New Jersey itself, while an alien insurance company refers to an insurer that is incorporated outside of the United States. The term 'international' is not a classification typically used for insurance companies in this context; it is more general and does not fit within the specific regulatory framework pertaining to U.S. insurance business classifications. Thus, the correct classification for ABC Life Insurance Company in New Jersey is 'foreign'.