As Amended
SEC. 83-1-23. Examination before granting authority.
[This section was reenacted without change by Laws, 1996, ch. 313, Sec. 12, effective from and after June 30, 1996. Since the language of the section as it appears in the parent volume is unaffected by the reenactment, it is not reprinted in this supplement as directed by the State Attorney General.] Before granting a certificate of authority to any insurance company organized under the laws of another state or government, the commissioner shall be satisfied that it is qualified to transact business under the laws of the state in which it has its principal office, and also as to its financial ability and condition.
SOURCES: Codes, 1880, Sec. 1085; 1892, Sec. 2327; 1906, Sec. 2564; Hemingway's 1917, Sec. 5029; 1930, Sec. 5125; 1942, Sec. 5627; reenacted without change, Laws, 1982, ch. 366, Sec. 10; reenacted without change, 1990, ch. 559, Sec. 13, eff from and after July 1, 1990, and shall stand repealed from and after June 30, 1996. Reenacted without change, Laws, 1996, ch. 313, Sec. 12, eff from and after June 30, 1996