Redomiciling

{
  "id": "MLC-T-INS-002825",
  "term": "Redomiciling",
  "field": "Insurance and risk management",
  "definition": "The process by which an insurer changes its legal state or country of incorporation, known as its domicile. A company undertakes this move to operate under a different regulatory framework, access new markets, or gain a more favorable capital or tax environment. The insurer must receive approval from both the old and new jurisdictions and is thereafter subject to the laws of its new domicile.",
  "url": "https://mlchart.com/terminology/insurance/redomiciling/"
}