§431:3-203.5  Foreign insurer;certification.  (a)  Notwithstanding section 431:3-203 or any other law tothe contrary in this code, the commissioner shall grant a certificate ofauthority to any applicant, regardless of the number of previous years experiencein the business of insurance, that is an insurer licensed under the insurancelaws of one of not fewer than three states annually designated, orredesignated, by the commissioner from among the states that are accredited bythe National Association of Insurance Commissioners.  The loss of accreditationby a state designated by the commissioner shall not in itself affect thevalidity of a previously issued certificate of authority by the commissioner toa foreign insurer licensed under the insurance laws of the previouslyaccredited state.  Nor shall the commissioner's de-selection of a state affectthe validity of a previously issued certificate of authority to a foreigninsurer licensed by that state.

(b)  The commissioner may waive the filing ofany document required to be submitted under section 431:3-212.

(c)  Nothing in this section shall limit thecommissioner's authority to require a foreign insurer to proceed with thecertification process under this article if the commissioner, at the commissioner'sdiscretion, determines that it would be in the public interest. [L 1995, c 129,§1; am L 1997, c 36, §1; am L 1998, c 2, §100; am L 2004, c 122, §8]