What is an insurance company that is incorporated within a state called?

An insurance company that is incorporated within a specific state is referred to as a domestic insurer. This term indicates that the company operates under the laws and regulations of the state where it was formed. Being classified as a domestic insurer typically means that the company is subject to the insurance regulations of that state, including capital requirements, licensing, and consumer protection laws. This designation distinguishes it from foreign and alien insurers, which are companies incorporated in other states or countries, respectively.

The other classifications such as foreign insurers refer to those that are incorporated in a different state but operate within another state, while alien insurers are those formed under the laws of another country. A stock company, on the other hand, describes a type of ownership and does not specifically indicate the location of incorporation. Therefore, the term domestic insurer correctly identifies the insurance company that is incorporated in the state being referenced.