§ 27-59-3 - Approval of the commissioner.
SECTION 27-59-3
§ 27-59-3 Approval of the commissioner.– The commissioner in determining whether to approve an alien insurance companymay consider:
(1) Maintenance of an appropriate trust account, surplusaccount, or other financial mechanisms in this state;
(2) Maintenance of all books and records of the United Statesoperations in this state;
(3) Maintenance of a separate financial reporting system forits United States operations; and
(4) Any other provisions deemed necessary by the insurancecommissioner.