What Does Redomiciling Mean?

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What does Redomiciling mean? Read on to discover the definition & meaning of the term Redomiciling - to help you better understand the language used in insurance policies.

Redomiciling

Redomiciling

Changing the insurer's domicile. Requires permission from the existing domicile and a new license to be issued. Does not require formation of a new company if the new domicile has redomestication laws allowing a license to be issued to an existing insurer.

We hope the you have a better understanding of the meaning of Redomiciling.

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