Transfer of insurer’s domicile: Termination of status as domestic insurer; qualification as foreign insurer.
1. If a domestic insurer transfers its domicile to another state, it ceases to be a domestic insurer.
2. The Commissioner shall issue to such an insurer a certificate of authority to transact insurance as a foreign insurer if:
(a) The insurer qualifies as a foreign insurer; and
(b) Such certification is in the best interest of the policyholders of this state.
Last modified: February 27, 2006