31A-14-205. Requirements from other applicable chapters.
(1) A foreign insurer may not be authorized to do business in this state, unless it strictly complies with the following requirements: Foreign insurers shall comply with the solvency standard set forth in, including maintenance of minimum capital or permanent surplus under Section. Chapter 17, Part 6, Risk-Based Capital 31A-5-211 A foreign insurer proposing to market securities in this state shall comply with Sections,, and, unless this marketing is subject to United States Securities and Exchange Commission regulation. 31A-5-301 31A-5-302 31A-5-305 Sectionapplies to the corporate name and the change of name of foreign stock insurers. Sectionapplies to the change of name of foreign mutual insurers. 16-10a-1506 16-6a-1507 Subsectionapplies to other business of foreign mutual insurers. 31A-5-203(2)(c) Subsection, as modified by Subsection, applies to communications to shareholders, policyholders, or voting members of mutuals by foreign insurers. 31A-5-404(2) 31A-5-404(4) Sectionapplies to interlocking directorates of foreign insurers. 31A-5-413 Subsectionapplies to assessment liability in foreign insurers issuing assessable policies in any state. 31A-5-203(2)(d)
(2) The commissioner may issue orders imposing and eliminating restrictions to foreign insurers under Section. 31A-5-103
(3) After a hearing, the commissioner may by order apply any of the provisions of Sections,,to a foreign corporation after finding that it is necessary for the protection of the interests of its insureds, creditors, or the public in this state. This Subsectionmay be applied to a foreign insurer without a hearing if done under a reciprocal agreement with the domiciliary regulatory authority. 31A-5-307 31A-5-414 31A-5-418 (3)
(4) If any provision made applicable to a foreign insurer under this section conflicts with the law of the insurer's domicile so that it is impossible for the corporation to comply with both laws, the law of the domicile governs.
(5) This section does not excuse or exempt any foreign insurer from complying with the provisions of this title which are otherwise applicable to a foreign insurer.
(6) This section does not apply to foreign fraternal insurers.
(7) If a licensed foreign insurer is in rehabilitation or liquidation proceedings or is found to be insolvent in its state of domicile, the commissioner may, without hearing, suspend the insurer's certificate of authority to do business in this state.