(1) To qualify for and hold a certificate of authority an insurer must —(1) be a stock or mutual insurer of the same general type as may be formed as a domestic insurer under the provisions of chapter 11 of this title; or be a Lloyd's Insurer;(2) have capital funds as required by this title, based upon the type and domicile of the insurer and the kinds of insurance proposed to be transacted;(3) transact or propose to transact in this territory insurances authorized by its charter, and only such insurance as meets the standards and requirements of this title; and(4) fully comply with, and qualify according to, the other provisions of this title.
(1) be a stock or mutual insurer of the same general type as may be formed as a domestic insurer under the provisions of chapter 11 of this title; or be a Lloyd's Insurer;
(2) have capital funds as required by this title, based upon the type and domicile of the insurer and the kinds of insurance proposed to be transacted;
(3) transact or propose to transact in this territory insurances authorized by its charter, and only such insurance as meets the standards and requirements of this title; and
(4) fully comply with, and qualify according to, the other provisions of this title.