§431:3-308 Alien government owned insurers. No license to transact any kind of insurance business in this State shall be issued or renewed to any foreign or alien insurer or issued or continued in effect to any domestic insurer which is owned or financially controlled by another state of the United States other than this State, or by a foreign government, or by any political subdivision of either, or which is an agency or instrumentality of any such state, government, or subdivision, unless the insurer was so owned or controlled prior to January 1, 1957, and was authorized to do business in this State on or prior to that date. [L 1987, c 347, pt of §2]
Section: Previous 431-3-303 431-3-304 431-3-304.5 431-3-305 431-3-306 431-3-306.5 431-3-307 431-3-308 431-3-309 431-3-401 431-3-402 431-3-403 431-3-404 431-3-405 431-3-406 NextLast modified: October 27, 2016