§431:3-308  Alien government owned insurers. 
No license to transact any kind of insurance business in this State shall be
issued or renewed to any foreign or alien insurer or issued or continued in
effect to any domestic insurer which is owned or financially controlled by
another state of the United States other than this State, or by a foreign
government, or by any political subdivision of either, or which is an agency or
instrumentality of any such state, government, or subdivision, unless the
insurer was so owned or controlled prior to January 1, 1957, and was authorized
to do business in this State on or prior to that date. [L 1987, c 347, pt of
§2]