83-18-25 - Waiver of application requirements where administrator certified in another state.
§ 83-18-25. Waiver of application requirements where administrator certified in another state.
Upon request from an administrator, the commissioner may waive the application requirements of subsection (2) of Section 83-18-23 if the administrator has a valid certificate of authority as an administrator issued in a state which has standards for administrators that are at least as stringent as those contained in the model statute for third party administrators of the National Association of Insurance Commissioners.
Sources: Laws, 1991, ch. 422, § 13, eff from and after July 1, 1991.