Introduction and Learning Objectives

Introduction

Insurance companies—known as insurers—are diverse in structure, ownership, and regulation. In this chapter, you will explore the different classifications of insurers, the implications of admitted vs. non-admitted status, and consumer protections enforced under California law.

Learning Objectives

• Differentiate between admitted and non-admitted insurers

• Identify domestic, foreign, and alien insurers

• Understand regulatory distinctions and penalties

• Recognize insurer ownership structures such as mutual, stock, and fraternal