58-29D-26. Conditions not requiring license. An administrator is not required to hold a license as an administrator in this state if all of the following conditions are met:
(1) The administrator has its principal place of business in another state;
(2) The administrator is not soliciting business as an administrator in this state;
(3) In the case of any group policy or plan of insurance serviced by the administrator and less than one hundred certificate holders reside in this state.Source: SL 1992, ch 352, § 26.
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