What does Domestic Insurer mean? Read on to discover the definition & meaning of the term Domestic Insurer - to help you better understand the language used in insurance policies.
A domestic insurer is an insurance company that has gotten its license to operate in a particular state by following the statutory laws and requirements of that state and building its headquarters there. An insurer from another state may also become a domestic insurer by transferring its headquarters to the state in which it wishes to be a domestic insurer.
We hope the you have a better understanding of the meaning of Domestic Insurer.