The certificate of authority, agents' appointments, licenses, rates, and other items
which the Director of Insurance allows, in his or her discretion, which are in existence
at the time any insurer licensed to transact the business of insurance in this state
transfers its domicile to this or any other state by merger, consolidation, or any
other lawful method, shall continue in full force and effect upon such transfer if
such insurer remains duly qualified to transact the business of insurance in this
state. All outstanding policies of any transferring insurer shall remain in full force and
effect and need not be endorsed as to the new name of the company or its new location
unless so ordered by the director. Every transferring insurer shall file new policy forms with the director on or before
the effective date of the transfer but may use existing policy forms with appropriate
endorsements if allowed by and under such conditions as approved by the director.
Every such transferring insurer shall file promptly and shall notify the director
of the details of the proposed transfer and resulting amendments to corporate documents
filed or required to be filed with the director.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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