What is a Domestic Insurer?
A domestic insurer is a type of insurance company that is licensed and operates within a specific state. The term refers to an insurance company that is domiciled in the same jurisdiction where it conducts its business operations. Domestic insurers are subject to the laws and regulations of the jurisdiction where they are domiciled and must comply with various requirements related to financial solvency, consumer protection, and other areas. They may offer various types of insurance products, such as property and casualty insurance, life insurance, and health insurance, among others.
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