1. An insurer which isorganized under the laws of any state and has created or will create jobs in this state or which isan affiliate or subsidiary of a domestic insurer, and is admitted to do business in this state for the purpose of writing insurance authorized by this chapter may become a domestic insurer by complying with section 490.905 or 491.33 and with all of the requirements of law relative to the organization and licensing of a domestic insurer of the same type and by designating itsprincipal place of business in this state may become a domestic corporation and be entitled to like certificates of itscorporate existence and license totransactbusiness in thisstate, and besubject in allrespects tothe authority and jurisdiction thereof. 2. The certificates of authority, agent’s appointments and licenses, rates, and other items which are in existence at the time any insurer transfers its corporate domicile to this state, pursuant to this section, shall continue in full force and effect upon such transfer. For purposes of existing authorizations and all other corporate purposes, the insurer is deemed the same entity as itwas prior to the transfer of itsdomicile. All outstanding policies of any transferring insurer shall remain in full force and effect and need not be endorsed as to any new name of the company or itsnew location unless so ordered by the commissioner of insurance. 230
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