§ 27-8-3 - Reciprocal powers of foreign companies.
SECTION 27-8-3
§ 27-8-3 Reciprocal powers of foreigncompanies. – Any insurance company of another state or country authorized to transact thebusiness of fire or marine insurance, or both, in this state may, if, by theprovisions of its charter or act of incorporation or articles of association,it has the power, and if similar companies of this state may transact theclasses of insurance enumerated in § 27-8-1 and this section in the stateor country of that company's domicile, be authorized by the insurancecommissioner to transact in this state the like classes of insurance.