Final answer:
An insurance company organized under New York laws and licensed to operate in Texas is classified as a foreign company, as it is domestic to New York but foreign to other states where it operates.
Step-by-step explanation:
An insurance company organized under New York laws and licensed to do business in Texas is considered a foreign company. This classification is used because the company is 'domestic' to its home state of New York, but 'foreign' to any other states like Texas where it operates but is not incorporated. This is analogous to a foreign firm that has sold imported goods in the U.S. and is trying to pay expenses in its home country, or the case of U.S. tourists who leave to visit other countries and must deal with foreign entities.