### Question
Can you define what substantially equivalent to the level of protection achieved means?


### Answer
**Substantially equivalent to the level of protection achieved** is defined as the following in *31 U.S.C. § 313*:

> the prudential measures of a foreign government, authority, or regulatory entity achieve a similar outcome in consumer protection as the outcome achieved under State insurance or reinsurance regulation

#### Citation:
  - *31 U.S.C. § 313*
  - Heading: **SUBTITLE I-GENERAL > CHAPTER 3-DEPARTMENT OF THE TREASURY > SUBCHAPTER I-ORGANIZATION**

