Acceptance of examination made by another state

Sec. 12. The department may in its discretion accept any examination of any insurance company made by the commissioners' convention or by the proper authority of the state in which a foreign or alien company is domiciled in lieu of the examination made under the provisions of this article. Formerly: Acts 1935, c.162, s.19. As amended by P.L.252-1985, SEC.9.