Transfer of insurer’s domicile: Termination of status as domestic insurer; qualification as foreign insurer.

1. If a domestic insurer transfers its domicile to another state, it ceases to be a domestic insurer. 2. The Commissioner shall issue to such an insurer a certificate of authority to transact insurance as a foreign insurer if: (a) The insurer qualifies as a foreign insurer; and (b) Such certification is in the best interest of the policyholders of this state. (Added to NRS by 1983, 683)