11 NCAC 12 .0442. FOREIGN COMPANIES

Latest version.

If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholders and the public which is substantially equal to that provided by these regulations, the commissioner, to the extent deemed appropriate by him in his discretion may consider compliance with such law or regulation as compliance with the regulations.

History Note: Authority G.S. 58-2-40(1); 58-7-95;

Eff. January 1, 1978;

Readopted Eff. September 26, 1978.

                    
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