203

To qualify for and hold a certificate of authority an insurer must —\n(1) be a stock or mutual insurer of the same general type as may be formed as a domestic insurer under the provisions of chapter 11 of this title; or be a Lloyd's Insurer;\n(2) have capital funds as required by this title, based upon the type and domicile of the insurer and the kinds of insurance proposed to be transacted;\n(3) transact or propose to transact in this territory insurances authorized by its charter, and only such insurance as meets the standards and requirements of this title; and\n(4) fully comply with, and qualify according to, the other provisions of this title.