TITLE 27
Insurance

CHAPTER 27-59
Alien Insurance Companies

SECTION 27-59-3


§ 27-59-3 Approval of the commissioner.

The commissioner in determining whether to approve an alien insurance company may consider:

(1) Maintenance of an appropriate trust account, surplus account, or other financial mechanisms in this state;

(2) Maintenance of all books and records of the United States operations in this state;

(3) Maintenance of a separate financial reporting system for its United States operations; and

(4) Any other provisions deemed necessary by the insurance commissioner.

History of Section.
(P.L. 1997, ch. 67, § 1.)