15 U.S. Code § 8223 - Definitions
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For purposes of this subchapter, the following definitions shall apply:
(2) Domiciliary State
The terms “State of domicile” and “domiciliary State” mean, with respect to an insurer or reinsurer, the State in which the insurer or reinsurer is incorporated or entered through, and licensed.
The term “NAIC” means the National Association of Insurance Commissioners or any successor entity.
The term “reinsurance” means the assumption by an insurer of all or part of a risk undertaken originally by another insurer.
(A) In general
The term “reinsurer” means an insurer to the extent that the insurer—
(ii) does not conduct significant amounts of direct insurance as a percentage of its net premiums; and
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