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



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



(c)  Nothing in this section shall limit the
commissioner's authority to require a foreign insurer to proceed with the
certification process under this article if the commissioner, at the commissioner's
discretion, 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]