§ 26-41-102 — Conversion to foreign insurer

Any domestic insurer may, upon the approval of the commissioner,
transfer its domicile to any other state in which it is admitted
to transact the business of insurance, and upon such a transfer
shall cease to be a domestic insurer, and shall be admitted to
this state if qualified as a foreign insurer. The commissioner
shall approve any proposed transfer unless he shall determine
the transfer is not in the interest of the policyholders of this
state.