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 chapter, the commissioner to the extent the commissioner considers appropriate may consider compliance with that law or regulation as compliance with this chapter.
Minn. R. agency 120, ch. 2751, pt. 2751.1100
Statutory Authority: MS s 45.023; 61A.20