R590-150-4. Rule

An examination report prepared by the state of domicile or port of entry state will be accepted in lieu of an examination under Section 31A-2-203 if: (1) the insurance department that prepared the report was, at the time of the examination, accredited under the National Association of Insurance Commissioners' Financial Regulation Standards and Accreditation Program; (2) the examination is performed under the supervision of an accredited insurance department; or (3) the examination is performed with the participation of one or more examiners employed by an accredited insurance department who, after a review of the examination work papers and report, state under oath that the examination was performed in a manner consistent with the standards and procedures required by their insurance department.