2.__Redomestication of domestic insurers.__Any domestic insurer may, upon the approval of the superintendent, transfer its domicile to any other state in which it is authorized to transact the business of insurance in accordance with the procedures established by the laws of that state.__The proposed redomestication must be approved if the superintendent determines that the certificate of organization has been amended in conformance with section 3310 and that the redomestication is not contrary to the interests of policyholders or the public.__The insurer ceases to be a domestic insurer as of the date the redomestication is recognized by its new state of domicile.__ Unless the superintendent determines that the insurer no longer qualifies for a certificate of authority, the insurer's certificate of authority must be amended as of the effective date of the redomestication to reflect the insurer's status as a domestic insurer and its new home office in its new state of domicile, and the insurer is thereafter subject to all provisions of this Title applicable to foreign insurers.

3.__Effect of redomestication.__The certificate of authority, producers' appointments and licenses, rate approvals and all other actions and permissions by the superintendent that are in effect at the time any insurer authorized to transact the business of insurance in this State transfers its corporate domicile to this State or any other state pursuant to this section or by merger, consolidation or any other lawful method continue in full force and effect upon the redomestication if the insurer remains duly qualified to transact the business of insurance in this State.__All outstanding policies and other legal or contractual obligations of any remodesticating insurer remain in full force and need not be endorsed as to the new name of the company or its new location unless ordered by the superintendent.__The insurer shall file new policy forms with the superintendent on or before the effective date of the redomestication but may use existing policy forms with appropriate endorsements if allowed by and under such conditions as approved by the superintendent.__Each redomesticating insurer shall notify the superintendent of the details of the proposed