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.