An insurance company formed under Florida laws is referred to as:

An insurance company formed under Florida laws is referred to as "domestic." This term indicates that the company is incorporated or organized within the state of Florida. In the context of insurance, domestic companies are subject to the regulations and laws set forth by the Florida Department of Financial Services. This designation contrasts with other categories of insurance companies, such as foreign and alien insurers. A foreign insurer operates in states outside its state of incorporation, while an alien insurer is one that is incorporated outside of the United States entirely. Understanding these distinctions is crucial for grasping the regulatory environment for insurance in Florida. Captive insurers, on the other hand, are typically formed to provide coverage for their parent companies or related companies and do not pertain specifically to the state designation under which a company is formed.