What is a domestic insurance company?

A domestic insurance company is one that was first licensed (received its Certificate of Authority) in the state in question. That is, if the insurer were formed in Florida, according to the then-existing Insurance Code of Florida, it would be a Florida domestic insurer. It could then become authorized to transact business in other states provided that it also complied with the Insurance Codes of the other states.

An alien insurer is one that has been formed in another country.