[§431:4F-103]  Authorization of entry. (a)  An alien insurer may use this State as a state of entry to transactinsurance in the United States through a United States branch by:

(1)  Qualifying as an insurer licensed to do businessin this State; and

(2)  Establishing a trust account, pursuant to a trustagreement approved by the commissioner with a United States financialinstitution approved by the commissioner, in an amount at least equal to theminimum capital and surplus or authorized control level risk-based capital,whichever is greater, required to be maintained by a domestic insurer licensedto do the same kind of insurance.

(b)  Before authorizing the entry of a UnitedStates branch of any alien insurer through this State, the commissioner shallin addition to the requirements of section 431:4F-105 and any other requirementof this chapter, require the alien insurer to:

(1)  Comply with the requirements of section431:3-212;

(2)  Submit an English language translation, asnecessary, of any of the documents required in paragraph (1); and

(3)  Submit to an examination of the insurer's affairsat its principal office within the United States. [L 2004, c 120, pt of §2]