1. An insurer which is organized under the laws ofany 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 allof the requirements of law relative to the organization and licensing of a domestic insurer of the same type and by designating its principal place of business in this state may become a domestic corporation and be entitled to like certificates of its corporate existence and license totransactbusiness in this state,and besubject in all respects to the 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 isdeemed the same entity as itwas prior to the transfer of its domicile. All outstanding policies of any transferring insurer shall remain in fullforce and effect and need not be endorsed as to any new name of the company or its new location unless so ordered by the commissioner of insurance. [81 Acts, ch 161, §2] C83, §515.99 CS2007, §515.78
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