§ 48.05.105. Foreign or alien insurers -- Three years active transacting required -- Exception
No certificate of authority shall be granted to a foreign or alien applicant that has not actively transacted for three years the classes of insurance for which it seeks to be admitted; except, the foregoing shall not apply to any subsidiary of a seasoned, reputable insurer that has held a certificate of authority in this state for at least three years.
[1967 c 150 § 2.]
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