§ 26-41-101 — Approval as a domestic insurer

Any insurer which is organized under the laws of any
jurisdiction other than this state and is admitted to do
business in this state for the purpose of writing insurance may
become a domestic insurer by meeting the substantive
requirements of law relative to the organization and licensing
of a domestic insurer of the same type, by designating its
principal place of business at a place in this state, and by
receiving from the commissioner certification that it is a
domestic insurer as if originally formed in the state. The
domesticated insurer thereafter will be entitled to domestic
certificates and licenses to transact business in this state,
and shall be subject to the authority and jurisdiction of this
state as a domestic insurer.