What type of insurer is categorized as domestic?

A domestic insurer is defined as an insurance company that is chartered or incorporated in the state where it conducts business. This means that the company adheres to the state’s regulations and is recognized by the state government for legal and operational purposes. Being domestic gives the insurer certain benefits, such as potentially being subject to less stringent regulatory scrutiny compared to foreign insurers, which are based in different states.

The other options refer to different classifications of insurers: a foreign insurer operates in a state but is chartered in another state; a reinsurance company provides insurance to other insurance companies rather than directly to consumers; and an international insurer operates in multiple countries, possibly including the domestic state. Therefore, understanding the distinction between these categories helps clarify the specific legal and regulatory frameworks that govern insurance operations within the state.