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



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



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



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



(1)  Comply with the requirements of section
431:3-212;



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



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