Insurance Law 7203 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7202 Domestication of the United States branch of an alien insurer permitted up ARTICLE 72 Domestication of the United States Branch of an Alien Insurer next SECTION 7204 Approval by superintendent Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7203 Authorization and execution of domestication agreement Insurance (ISC) CHAPTER 28, ARTICLE 72 § 7203. Authorization and execution of domestication agreement. (a) Such domestication agreement shall be authorized, adopted, approved, signed and acknowledged by the alien insurer pursuant to the laws of the country where organized. (b) Such agreement shall also be approved, adopted and authorized by the acquiring insurer's board of directors and executed by its president or any vice president and attested by its secretary or assistant secretary under its corporate seal, or, in the case of a foreign insurer, as otherwise provided in the laws of the state of its domicile.