Which type of carrier is a California-based insurance company?

A California-based insurance company is classified as a domestic carrier because it is established and operates within the state's jurisdiction. Domestic carriers are subject to state laws and regulations, which govern their operations, licensing, and compliance requirements. This distinguishes them from carriers that are based in other states or countries.

Foreign carriers, on the other hand, are those that are incorporated in one state but operate in another, whereas alien carriers are those that are incorporated outside of the United States. International carriers typically refer to companies that offer insurance products across multiple countries. The distinction between these types of carriers is important for regulatory, legal, and operational reasons, and understanding these definitions helps clarify the landscape of the insurance industry in California and beyond.