Rule 120-2-32-.11. Foreign Companies

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 similar to that provided by this Regulation, the Commissioner to the extent deemed appropriate by him in his discretion, may consider compliance with such law or regulation as compliance with this Regulation.

Submitted for Publishing: Apr. 6, 2007.

Authority: O.C.G.A. Secs. 33-2-9, 33-11-36.

History. Original Rule entitled "Foreign Companies" adopted. F. Oct. 18, 1979; eff. Nov. 7, 1979.

Repealed: New Rule of same title adopted. F. Oct. 2, 1985; eff. Dec. 1, 1985, as specified by the Agency.