If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholder and the public which is substantially similar to that provided by this chapter, the commissioner to the extent deemed appropriate by the commissioner in the commissioner's discretion, may consider compliance with such law or regulation as compliance with this chapter.
N.D. Admin Code 45-04-04-09
General Authority: NDCC 26.1-33-17, 26.1-34-11
Law Implemented: NDCC 26.1-33, 26.1-34