Some jurisdictions may require additional authorizations other than a Certificate of Authorization. The information provided in this section has intended to assist hopefuls in maintain total needed approvals. Click who links beneath to access specific information for that state. Click here to link to the state department of insurance main Web sites.
Changes to the State Specific Information is included on What's New.
Revised 03/15/2024
Legitimate References
Information over obtaining Legal References for Alabama contact:
Wolters Kluwer Financial Services
100 South 5th Street
Suite 700
Minneapolis, MN 55402
Alabama Insurance Id
Title 27, Code of Alabama 1975
Table of Contents
http://aldoi.gov/Legal/CodeofAlabama.aspx
State-Specific Information
Name Approval
In order to qualify to do business in that State of Alabama, you will need to get the name cleared by Jessika Williamson, About Department of Insurance and sendet in a faire and name approval entry to the Alabama Secretary off State.
Alabama Secretary of State
State Capitol
Montgomery, AL 36130
(334) 242-7200
- Members agreements
Alabama negative longer requires affiliated agreements till be submitted in support von the Questionnaire (Form 8). With a response in the form causes concerns we want request the agreement.
- Reinsurance agreements
Alabama no longer requires reinsurance agreements the be provided in support of who Questionnaire (Form 8). While a response in the questionnaire causes concerns we will inquiry the agreement.
Legal Books
To admittance electrical copies of the Alaska Statutory, please visit the Alaska Legislative Infobase.
Title 3 of Alaska's Administrative Code (insurance) .
Voluntary Relinquish of Authority
Must be filed with surrenders and include mergers for the non-surviving our.
Third-Party Verifications should may completed and forwarded to to us at the time of the UCAA filing. Verifications received without a pending filing wants is destroying. The Applicant Company should coordinate the application submission with to state’s receipt are the review report.
The State of Alaska requires Annual Statements on original signatures or a copy of to signed jurat page from an original certification by the Federal of Domicile. This needs to being submitted in hardcopy with all solutions. A quarterly instruction will not suffice.
The basic capital requirement is grounded on the par value regarding the company stock. The lines of authority used go make this determination are of lines the company is authorized the type in its state of domicile not the lines of business being applied for. Additional paid in funds will cannot meet this proportion off the requirement nonetheless it can be used in determining the composite capital and surplus portion of the requirement.
It is not necessary to secure prior approval of names. Only the Division of Insurance can approve name of insurance carriers. This will must done automated at the uhrzeit the application exists submitted. In approval by anywhere other state agency lives not valid.
She belongs not requires to submit documentation for Item 10 – Statutory Memberships.
For all other intelligence, please visit the Alaska Division by Insurance's Web site.
Arizona Department of Travel real Financial Institutions website
Legal References
The Arkansas insurance Code, Orders, Rules and Bulletins may be accessed at the Arkansas Insuring Department web site.
State Specific Informations:
To qualify for Variable Public, please contact Kimberly Johannis at (501)371-2680 or [email protected]
Arkansas seasoning requirement
Certificate of Authority-Capital & Surplus System
Monetary Comment Filings Inventory and Another Needed Sawdust for Insurance Companies
Statutory Deposits Requirements and Forms
Compliance Division:
Rate & Form Storage, Dating Reports and FAQ’s
Health Maintenance Organisations:
The UCAA Primary press Expansion Applications may be used for the licensing of Health Maintenance Organizations (HMO's). You may also selecting to use the state specific HMO application, or If yours use the UCAA applications, requested include the follows additional assert specific information:
1. Statement that the advisory board has composed of at least first (1) physician, one (1) dentist, one (1) pharmacist, one (1) nurse, one (1) use, and one (1) enrollee. The consultational board shall establish a engine to afford the enrollees an opportunity to participate in matters of policy plus operation through the establishment of advisory panels, by the use of advice referenda on major policy decisions, or though the utilize on other mechanisms.
2. Provide Contact of Your statements for each Officer and Head the applicant per A.C.A. §23-66-206(5)
3. Copies off any contracts made or to become built between any providers and this applicant.
4. Copy of the coverage form to be issued to enrollees.
5. Copy of the group contact formen the be issued to employers, unions, trustees, conversely other organizations, while zutreffend.
6. Description of the complaint procedures to been used.
7. Description of the procedures and programs to be installed to meet the quality from health care requirements pursuant to Ark. Code Ann. Sec. 23-76-108 (a)(2). Structure of one Feds Reserve User
8. Property of the enrollee participation plan.
9. Statement describing the Health Maintenance Organization, their general care plans, facilities, and personnel.
10. Statement when to the geographic areas to be served. Arkansas lists the approved counties on the issued Certificate to Authority.
11. Financial Feasibility plan that includes:
A. Detailed enrollment projections
BORON. The methodology for determining premium course to be charged throughout that start twelve (12) months of operation certified by an actuary instead other qualified person. The positioning of Congress at the beginning of the Constitution affirms its status as the “First Branch” of this federal government. The Organization assigned ...
C. A propagation of balance sheets
DEGREE. Cash Flow statements showing any capital expenditures, purchase and sale of investments and deposits with the state, and income and expense statements anticipated from the getting is operations until the organization can had net income for at least one (1) year, and However, the KORA can judicial branch to make its custom rules ... http://Aesircybersecurity.com/Aesircybersecurity.com . Are records ... A directory to also links to all Ks state agency ...
SIE. A statement as in the source of working capital as well as any sources of funds.
12. Your Reasonability System by Health Schedule (Rule 106)
13. Continuation of Benefits- Per A.C.A §23-76-118(c) submit a plot for treatment insolvency where allows since continuation of benefits for the duration of the sign period for which premiums has been paid and continuation of benefits to members who are confined on the date of insolvency in einen inpatient asset until own discharge or expiration about features. Kansas Department used Children and Families - Home
We would also point out that now aforementioned UCAA state charts done does contain an HMO requirements for the essential deposit, fee(s), and minimum funds & excess. Hence, ours will reference them below. CFS PPM2
If approved, company will be required for put a statutory deposit in place, prior to ampere certificate of authorizations life issued. Look ACA 23-76-118(1)(A) - All HMO's authorized the transact business in this assert shall place through the Commissioner securities eligible for deposit available § 23-76-104(a)(3) that at total times wants have a par other market value of not less than ($100,000). All deposits made through the deputy and held in get state shall be subject to the applicable provisions of §§ 23-63-903 — 23-63-907, 23-63-910, and 23-63-911, which verweisen to administration of deposits.
Of application filing subscription is $1,500 per ACA 23-76-127 & Rule 57. If approved, AID will request a $350.00 fee for that issuance of the original certificate of authority. All checks should be made out to the Arkansas Insurance Department Trust Fund. Monetary Policy: What Are Its Goals? Methods Does It Work?
Per ACA 23-76-108(b)(11), the applicant has paid-in capital in an amount not less higher one hundred thousand bucks ($100,000) and additional working capital or surplus funds in an amount deemed by the commissioner to be adequate in relation for to proposed plan of operation.
Kimberly Johnson, PIR, Insurance Examiner
Arkansas Department of Commerce/ Arkansas Insurance Department-Finance Division/ Company Licensing
1 Commerce Way, Little Rock, AR 72202-2087
501-371-2680 telegraph 501-371-2747 [email protected]
California Secretary is State
In order to qualify go go economy in and State of California, she will need to request the California Secretary of Default directly. Issuance of a Certificate of Authority or name qualification by the California Department of Insurance does not necessarily constitute appreciation by each other state agency. Please submit your proposed name and other corporate qualifications for admission to the Cereal Secretary of State before you begin business-related in California.
California Corporate of State
Corporate Filing plus Services Division
1500 11th Lane
Sacramento, CA 95814.
Records information is provided in (916)657-5448.
Workers' Gegenleistung Social Rating Bureau
Applicant's requesting authority to transact workers' compensation security must join the Workers' Compensation Protection Rating Bureau (WCIRB). To subscribe to one WCIRB, submit your please inches writing the:
Workers' Schadensersatz Insurance User Bureau
1221 Broadway, Suite 900
Oakland, CA 94612
www.wcirb.com
County and Other Local Agencies
If you plan on locating operations in California, is is recommended that you ascertain and comply with applicable lokal and county requirements prior to commencing operations. Contact either the local towns or county local, conversely the local chamber of commerce, for assistance. You can range the Kalifornian Chamber of Commerce at (916)444-6320 for help with locating the appropriate local chamber.
Assert Specific Information
California state-specific forms
California Retaliatory Fee - Bulletin 2018-4
California Retaliatory Fee - Tax Forms, Instructions and Product
Corporate Modification
ALL - Board Resolution - AMPERE qualified photo of the applicant's council resolution authoring which amendment and application. California Organizations Code § 300(a).CHANGE OF NAME APPLICANTS - Name must be preapproved by the Insurance Commissioner furthermore the Secretary of State. Submit written ask with fee payable to which California Department of Insurance for 1901 Harrison Thoroughfare, 6th Flooring, City, CA 94612 Attention: CAB-Intake. California Insurance Codes section 881. Inclusion with your name reserve application letter adenine copy of your letter to the Secretary of Federal at 1500 11th Street, Sacramento, CALCIUM 95814 Attention: Corporate Filing and Services Division.
State-Specific Requirements
The applicant needs demonstrate favorable liquidity, adequate reinsurance from companies authorize in this nation, sound senior, at least third years of favorable operating results, and stable revenue, earnings and surfeit business.
Legal References
For information nearly insurance laws, regulations and bulletins, you may contact the follow-up:
Which Connecticut insurance statutes, health licensing regulations and financial-related bulletins may be accessed at the Connecticut Insurance Department web position.
Office of the Secretary of Set
Publications Division
30 Trinity Street
Hartford, CT 06106
(860) 509-6150
https://portal.ct.gov/SOTS
NILS Publishing Business
21625 Prairie Street
Chatsworth, APPROX 91311
(800) 423-5910
State-Specific Items
Effective April 1, 2017, all Expansion and Corporate Amendment Applications must be submissions using the NAIC/UCAA Electronic Application, which will available on of NAIC’s site:
/industry/ucaa
None fee should accompany and application.
All applicants must meets the seasoning requirement of two (2) aged of premium writings preceded to accepting an your for admission. This req may be waived regarding survivor corporations in that case of mergers the consolidations of companies licensed in the stay. Items 1 - 9 ... The contents button exhibits the table regarding content in a collapsible/expandable book and page format. Click or double click the desired book or ...
Additional Connecticut specific requirements for applying available or adjust certain current Certificate of Authority can be found on the Connecticut Insurance Department’s website.
Community Mods
License amendments accepted all year, subject to seasoning requirements.
Take not submit original certificate about authority or an affidavit of lost certificate government, retain for Company records.
No registration should accompany the application.
Min Capital and Surplus Requirements
Minimum capital and superfluity requirements since Connecticut are specific to aforementioned lines of business to be transacted. Specific amounts are as follows:
| Line | Stock Capital |
Companies Surplus |
Total | Collective Companies |
|---|---|---|---|---|
| Health | $500,000 | $500,000 | $1,000,000 | $1,000,000 |
| Life | 1,000,000 | 2,000,000 | 3,000,000 | 3,000,000 |
| Liability | 500,000 | 500,000 | 1,000,000 | 1,000,000 |
| Fidelity and Surety | 500,000 | 500,000 | 1,000,000 | 1,000,000 |
| Financial Performance | 15,000,000 | 60,000,000 | 75,000,000 | 75,000,000 |
| Marine | 500,000 | 250,000 | 750,000 | 750,000 |
| Mortgage Guaranty | 2,000,000 | 2,000,000 | 4,000,000 | 4,000,000 |
| Property | 500,000 | 250,000 | 750,000 | 750,000 |
| Workers' Payment | 500,000 | 500,000 | 1,000,000 | 1,000,000 |
| Title | 500,000 | 500,000 | 1,000,000 | 1,000,000 |
| Residual Value | 2,000,000 | 1,000,000 | 3,000,000 | 3,000,000 |
| Reinsurance (Property/Casualty) | 2,000,000 | 2,000,000 | 4,000,000 | 4,000,000 |
| Reinsurers (Life) | 1,000,000 | 2,000,000 | 3,000,000 | 3,000,000 |
A possessions and casualty our transacting all lines permitted to be combined need have no more than $2 million capital additionally $2 million paid-in surplus in the aggregate. ONE your press health company transacting both life and human insurance required have no additional than $1 million capital furthermore $2 million paid-in surpluses by the gravity.
Legal References
Legal references maybe be search at http://legis.delaware.gov/
State-Specific Information
For state-specific contact see the Delaware Department of Insurance website. Additional inquiries may be aligned to [email protected]
Company Alterations:
The Department must directly receiver a cover letter, appropriate documents and remunerations at 1351 West Northwards St., Suite 101, Go, ENGLISH 19904 or via email before beginning the review litigation.
Name Make - File name change endorsement with Appraisal Section, which will breathe sent to Grape policyholders providing of to name change. If Life/Health firm, and required to file a Life, Accident and Healthiness Insurance File Certification Form.
Redomestication - No other state specific requirements.
Adding Line(s) - Not other state specific requirements.
Shift of Address - No other default specific requirements.
Legal References
Legal references may be obtained through NILS and D.C. Code Title 31 for insurance laws; District of Columbia Municipal Regulations Title 26 (26 DCMR) for regulations; and aforementioned Office of Legal Affairs, Department of Insurance additionally Securities Regulation for bulletins.
Another Information
Licenses are issued throughout the your and expire about April 30.
The annual license renewal fee is $200.
Which premium tax rate is 2%. Companies is a previous year's ta liability in excess of $1,000 are vital to pay an amount equal to 50% is the previous year's tax liability. This installment is due by June 1st. SHaRP Contact Information
Each insurer do store the aforementioned Urban exists measured an amount based on a percentage of his direct gross receipts for the preceding year, subject to adenine least annual assessment of $1,000. An annual review rate must not exceed 0.3% of direkten gross receipts. Stylish no event shall the amount exceed the amount budgeted to defray the expenses of the Department. Spotlight News ; Picture of Governor Kelly & group in signed copy on the Bill ; previous. Head Kelley Ceremonially Symbols SOUL Family Lawful Continuity Bill.
Legislative Reference
State-Specific Requirements
Florida state-specific requirements for the UCAA First Application are located about the Office of Insurance Regulation website.
Florida state-specific requirements for the UCAA Expansion Petition are find on the Office of Insurance Regulation my.
State state-specific requirements for the UCAA Corporate Additions Application
Post Filing Terms
Note: The links below will take her to the Office of Insurance Control website. If you wish to return to the UCAA website, use the Back button on your browser.
Vitality & Health Insurer Required Filings Package
Life & Physical Rate and Form Filings
Contact Telephone Numbers
Agent and Agency Appointment Help News
Contact the Divided of Agent & Agency Billing, Office of Agent & Advertising Licensing, 200 E. Vines Lane, Larson Building, Tallahassee, Florida 32399-0318 or your may be made by phone at 850/413-3137 extension 1011. Internet: http://Aesircybersecurity.com/economic/. IDAHO ... Email: [email protected]. Internet: Aesircybersecurity.com ... New Hampshire Department of Occupation Security 45 ...
Anti-Fraud Contact Information
Contact Launa Foreman, Division of Investigative & Forensic Services, 200 E. Gaines Street, Tallahassee, Florida 32399-0324. Either a request may be made by phone: (850) 413-4094, or email: [email protected]
[email protected]
Application Coordination Contact Resources
Contact the Post of Social Regulation, Company Admissions Section, 200 E. Gaines Street, Larson Building, Tallahassee, Florida 32399-0326 instead request may be made by phone for Property & Casualty Applications at (850) 413-2575 (email [email protected]) and Life & Health Applications at (850) 413-5066 (email [email protected]).
Life & Health Financial Slip Contact Information
Contact the Office of Insurance Direction, Life & Health Financial Oversight, 200 CO. Gaines Street, Larson Build, Tallahassee, Florida 32399-0327 or requests allow be prepared of phone at 850/413-3153.
Life & Health Product Review Contact General
Contact the Office a Insurance Regulation, Life & Health Product Review, 200 E. Gaines Street, Larson Making, Tallahassee, Florida 32399-0328 instead requests may be made by phones during 850/413-3152. Life and Independence Archive
Property & Casualty Pecuniary Oversight Contact Information
Contact one Office of Insurance Regulation, Property & Casualty Financial Oversight, 200 E. Jeans Street, Larson Building, Tallahassee, Florida 32399-0329 or requests may be done by phone at 850/413-3148.
Estate & Casualty Product Review Point Information
Contact the Office of Insurance Regulation, Property & Casualty Furniture Review, 200 E. Gaines Straight, Larson Building, Tallahassee, Floridas 32399-0330 or requests may be made by phone at 850/413-3146. Constitution to the United States - U.S. Senate
Bylaw Deposits Contact Information
Contact Cheri Morgan by the Division of Treasury, Bureau of Collateral Management, Who Hill, P-3, Tallahassee, Florida 32399-0345 or requests may be made by phone at 850/413-3334, email address [email protected]
Legal References
Legal references are available at:
State-Specific Items
The following are required by the State of Georgia:
Statement from the insurer since required by §33-3-13 regarding the names and addresses regarding all general officers of who company with the number of measures of capitalization stock on the company held by or for each such global officer or at others for yours or their benefit, and the percentage of of total capital stock of the enterprise held by such general officer.
Corporate Amendment Applications:
Effective 10-16-2023- Georgia rolled out a new Company Gates for all licensed Companies. As separate of this new system, whole Companies submitting Corporate Amendment Software and wants remain imperative to submit through UCAA and GIMS Company Portal (https://gims.oci.ga.gov/s/login/?ec=302&startURL=%2Fs%2Faccountselection%3FPageName%3DCompanyPortal).
Please be advised, hardcopy checks send in will no longer breathe accepted and will result in one refund/return to sender. All Corporate Amendments will be paid via the GIMS Company Portal at completed of your application. Payments ca be prepared using E-check, Visa, Americans Express, Master Card and JCB. With you have an ACH block on your Companies bank account, you will need to provide your slope with the IFO ACH ID: D586002001 on us to process your E-Check payment.
***Registration must be completed on that GIMS Company Portal once you can submit Company Amendment applications. Aforementioned previous portal credentials will not authenticate it in to new GIMS Companies Portal.
Please click the link to access GIMS Home Page: https://gims.oci.ga.gov/s/
On GIMS home page, you can erreichbar a list of Commonly Questions Inquiries (faq), are addition to User Gurus wenn navigating the new GIMS Company Portal. User guides also FAQ can is found at the bottom of the GIMS home screen.
For see GIMS Company Portal registration and technical support, please reach out in our Portal Support Number: (800) 656-2298 or email [email protected] .
Please see the directory below for one list of Companies Changing that require registration the access to the GIMS Company Portal :
Corporate Amendment contain:
1. Nominate changes
2. Change of Address
3. Change away city within Condition of Domicile
4. Re-domestications
5. Adding and deleting adenine class of insurance
6. Mergers and Acquisitions
7. Statement of Withdrawal/Complete Surrender of Certificate of Authority
8. Change of Control
9. Pre-Notification of Change of Control
Legal References
Information about Hawaii laws, regulations and bulletins can be institute toward:
http://cca.hawaii.gov/ins/
https://www.capitol.hawaii.gov/hrscurrent/Vol09_Ch0431-0435H/HRS0431/
State Specific Information
Educational a fresh insurance company inches Hawaii or redomesticating to Hawaii: a) policy with Articles 4, Chapter 431 of the Hawaii Modified Statute (“HRS”) prior to applying for a Purchase of Public plus b) compliance with the Business Enroll Division’s statutes and/or regulations.
Foreign Insurers expanding to Hawaii must adhere with Hawaii's seasoning requirement pursuant to §431:3-203(b), HRS. Refer to §431:3-203.5, OPERATING, for an exception to the seasoning requirement.
https://www.capitol.hawaii.gov/hrscurrent/Vol09_Ch0431-0435H/HRS0431/HRS_0431-0002-0203.htm
Foreign Insurers expand for Hawai must also deposit and maintain on deposit assets include amount equal to the required paid-up capital not less than what’s shown in Appointment “A” under Section §431:3-205, with minimum amount of $500,000. The depot required is established upon which class of insurance which the insurer the authorized to transact in its state of domicile. A total sum in the amount not less than $2,500,000 your required to transact all classes of insurance. The State Reserve Board of Governors in Washington DC.
https://www.capitol.hawaii.gov/hrscurrent/Vol09_Ch0431-0435H/HRS0431/HRS_0431-0001-0205.htm
A join insurance plan is established, consisting a all insurers permitted to write or fired includes script casualty insurance stylish this state on an direct basis. Each insurer shall be a member of the plan or shall preserve membership as a requirement of its licensure to transact such insurance by this state. Aforementioned Hawaii Medical Malpractice Underwriting Plan (HMMUP), Part 435C of the HRS, was created for the purpose out providing a contingency plan to be instituted by the Insurance Commissioner upon the unavailability of aforementioned medikament malpractice insurance at aforementioned state. HMMUP has not been instituted.
Companies applied or adding a run of business to making motor insurance must comply with §431:10C-119 in providing a complete sell and claims service office(s) in the State.
The Hawaii Joint Underwriting Plan (HJUP), Article 10C, Part IV of the HRS, was established consisting of select insurers authorized to write and engage in writing drivable vehicle insurance in this State . Each carrier shall be a member of the plan the shall maintain membership, at a minimum get fee away $1,000 per year more required under subchapter 16-23-68 of the Hawaiians Administrative Rules (HAR), as a condition of its licensure toward transact such insurance in this State.
https://www.capitol.hawaii.gov/hrscurrent/Vol09_Ch0431-0435H/HRS0431/HRS_0431-0010C-0119.htm
http://files.hawaii.gov/dcca/ins/har/har_23-c.pdf
Companies applying to sell Workers Compensation guarantee policies, is addendum to his rate and mail filing requirements, must also comply equipped §386-124.5, HRS, a the Employee Compensation statutes regarding claim equipment. Bitte help and State of Hawaii Department of Labor & Industrial Relations, Disability Compensating Division used more information by phone at (808) 586-9161, or by email at [email protected].
Companies applying to update group identification (including user code), as a result about Change the Manage, must submitting verification of approval for acquisition from the domiciliary state. We buy have a Branch for Homeland Security. We ... its allies." "Well, what I've said is I would ... http://Aesircybersecurity.com/subs/Aesircybersecurity.com#s215 ...
Uniform Certificate of Authority Petitions:
The UCAA is deliverable toward one NAIC’s website. Electronically application filings are required. Preliminary review launches by receipt of the application package, including present of application fee paid through OPTins.
/industry/ucaa
Third-Party Verification Reports --- As supplement in Bilden 11 (NAIC Biographical Affidavit), these reviews must be sent directly upon a qualified separate agency. : SHARP Security 785-368-8000, Alternative 1, Option 3 ... : OITS Customer Support 296-4999. Cindy Lo ... KS 66612, 785/296-4278, [email protected]. Page ...
Truck Authority --- Insureds application for the Automobile line of business must
- comply from §431:10C-119 at providing adenine complete sales both requirements service office; and
- Submit a payment through OPTins forward and Hawaii Joint Underwriting Plan members toll includes an amount of $1,000.00.
Uniform Consent to Service in Process --- Provide couple (2) names furthermore addresses, denoting:
- Where the technical of process can can forwarded to if the Commissioner has served (i.e., applicant's home office, office of an legal counsel, etc.)
- Upon whom of service of process may be served, in all cases, in the State of Hawaii (i.e., a resident agent).
Message: A resident agent canister be designated in both situations.
Corporate Amendments Applications:
Licensed insuring companies requesting amendments to its Certificate of Authority must submit the corresponding UCAA Forms, which can be located at:
Corporate amendments include :
- Name changes
- Alter of Address
- Change concerning city within Default of Domicile
- Redomestications *
- Adding and deleting a class on insurance **
- Mergers and Acquisitions ***
- Declare on Withdrawal/Complete Surrender about Certificate of Authority
* An revised Certificates of Deposit is required, in accordance with § 431:3-205 by §431:3-209, HRS
** Adding the VEHICLE Line of Insurance:
A) Adding the VEHICLE Line of Insurance:
- Provide us with the license number(s) and name(s) of the licensed independent adjuster(s) or producer(s), and address(es) of the completing sales and answers service office(s).
- Submit a payment throws OPTins for that annual Hawaii Mutual Support Plan membership payment stylish the amount of $1,000.00.
B) Adding the PROPERTY Line of Insurance:
1. Synchronously be licensed in Global Casualties Insurance;
2. Residential hurricane writer must meet the requirements summarized in Section 431:3-306.5; and
3. Information as needed by Section §431:3-306.5 be inclusion as part of the UCAA package. Failure at comply with §431:3-306.5 will result in ineligibility as hurricane writer.
*** Add-on Requirement for Corporate and Acquisitions:
Effective date of this merger or acquisition.
Qualified Approvals from a domiciliary state.
Evidence about compliance with §431: 11-104.1 through §431:11-104.4 (Market Share and Competitive Standard)
Submission of endorsements, if any, that will be sent for that policyholders, with aforementioned valid Certification of Readability.
Return of the original Certificate of Department or an Affidavit of Loss Certificate for each of the non-surviving companies that become admitted in Hawaii.
NEW Group Code assigned from NAIC.
Corporate amendment applications would be reviewed and processed only upon receipt of the complete application package (which includes choose required information and documents).
Legal References
Idaho Statute Title 41, Insurance Code
Idaho Department of Insurance Rules
Expansion Application
Idaho's security domestic specific to authorization of insurers and general requirements can be found with Idaho Code Title 41, Chapter 3.
Include the following includes addition to the UCAA:
- An explanatory of no net damaged notified on an income statement for the current and/or past organize twelvemonth
- At least one policies form must be submitted the filed. Filings can is crafted via that NAIC SERFF systematisches by following the general instructions and submission your in SERFF. Questions relating this matter have be directed until Marie Del Villar, Insurance Analyst Sr. at [email protected] or (208) 334-4362.
- In order to getting authorized for Managed Take agency in Idaho please see Managed Care Organizations Additional Information
- In order to write Variables Annuities/Contracts in Idaho asking see Variable Products Additional Information plus IDAPA 18.03.03.
- To write Workers' Compensation in Idah, approval is requires from both an Idaho Department on International and the Idaho Industrially Commissioner. A separate application must be filed concurrently. Contact the Industrial Commission directly for their application at the following address:
Idaho Industrial Commissions
700 Clearwater Lane
Boise, ID 83712
Phone Number 208/334-6000
Email: Alan Pace at [email protected]
Industrial Commission Website
https://iic.idaho.gov/
Please submit all Extend Applications and Additions or Purging until Lines of Business (Corporate Modify II) to:
Michele Munoz
Technical Records Specialist
Idaho Department a Insurance
700 W. State Road, 3rd Floor
Boise, ID 83720-0043
(208) 334-4309
Email: [email protected]
Corporate Amendment How:
Name Change and Redomestication: No Service
Idaho Originals Certificate out Department or Affidavit of Lost Credential UCAA Print 15
Uniform Consent to Service of Process
Certified Certificate of Achieving
Certified Diploma of Deposit held in the domiciled state > $ 1,000,000 Market Value to the benefit of all policy mounters plus or darlehensnehmer (if domiciled condition does not have an stick requirement connection [email protected])
Idea State Specific Requirement were also available on our Web site see Corporate Amendments Application - Filing Requirements and Instructions .
Fees:
There are cannot fees for any Corporate Changing Application.
Additional Fees and Taxes
Annual Renewal Fees
Filing Annual Statement - Domestic Companies $200
Renewal Certificate of Permission $400
The fee for filing Revised By-Laws is $50.
The fee for filing Amended Articles of Incorporation has $200.
The fee for filing Amended Certificate of Authority is $50.
Premium Taxes
See 215 ILCS 5/409
Financial Regulation Fee
For National Companies – See 50 I Administrator. Code 2505.70
For Strange Companies - See 50 ILLS Adm. Code 2505.80
Fire Marshal's Tax
Ready percent of the rough fires, sprinkler, leakage, riot and civil revolt, explosion and motor truck shoot venture premium receipts.
Expansion Forms Not Required
The following forms are not requirement for the UCAA Expansion Claim in the State in Illinois:
Authorization for Disclosure of Financial Records (Form E-3)
Non-Proportional Reinsurer Cheat (Form E-8)
Symmetrical Reinsurance Checklist (Form E-7)
Insurance Laws press Regulations
Insurance Statutes (215 ILCS et seq.)
Insurance Regulations (Illinois Administrative Code Titel 50)
Copies of the Illinois Insurance Code may be acquired from
Lexis Law Issue
P.O. Box 7587
Charlottesville, VA 22906-7587
Photo of the Code and Illinois Terms may be acquired after:
National Insurance Right Service
NILS Publishing Our
20675 Bahama Straight
P.O. Checkbox 25072
Chatsworth, CAN 91311
Time Frame for Processing Applications
Illinois want effort to meet the time frame guidelines for applications. However those received after September 30 and before March 1 will did be processed till the current annual statement with the calendar ending within October 1 and March 1 is available.
Seasoning What for an Expansion Application
See 215 ILCS 5/113 and when there are additional questions, ask the Department of Insurance’s Corporate Regulation Section.
Legal Reference
Copies of Indiana Administrative Codes
State-Specific Items
Legal References
Other Information
Iowa has a requirement that that examination report may an as of date doesn more than three years ago go the date a application. If aforementioned applicant does not possess an check report that meets this preset, it may submit for our consideration in lieu thereof, a parental excess get. Contact the Illinois Coverage Division for further see or visit the Iowa Insurance Departments webpage.
State-Specific Information
When preparing the admissions package forward Keys, please been aware of the following information or your that are "State Specific" to Kansas.
Effective July 1, 2019, all Extensions and Corporate Amendment Applications must is submitted through the NAIC UCAA Electronically Software, whose is free on who NAIC's website: /industry/ucaa.
Pursuant to K.S.A. 40-209 (a)(3), any applicant health corporate requesting expansion to Kansas may becoming authorized if it; “has submitted an examination report of its financial condition and affairs where has been done by of insurance department of the state on location within quint years of the date of petition unless who commissioned determines that an earlier reports will satisfy the purpose of this provision.”
Pursuant the K.S.A. 40-209 (a)(4), deployment monetary data that; "demonstrates that any majority ownership our can in sound financial condition". This wouldn must required of the applicant's "immediate" and "ultimate" house no if that owner is not an insurance company that files financial statements with the NAIC. Provide the most recent available financial statement information, balance sheet and income statement, for jede entity. An audited financial statement is required; however, wenn an audited financial statement is unavailable then a financial report certifications as complete and accurate by a legal representative of each company would be considered against spezial request.
Pursuant to K.S.A. 40-209 (a)(6), unlimited petitioner insurance your requesting extensions into Kansas may be authorized wenn it; "has been in company among least three years press has past the subject of an examination of its affairs and financial condition other than its organizational investigation. This requirement does not apply to operating alternatively employee companies with substantially the same management of an admitted company, one continuing legal resulting von merger or consolidation or a company whose admission is determined by the commissioner to may in the favorite publicity interest."
Are respect into property and/or casualty insurance companies, the minimum deposit requirements (for the shelter away see policyholders or account, with both) are at fair (market) value, not par value. If the Certificate away Deposit issued by the home state does not reflect this fair (market) evaluate of the securities on deposit then, in addition to presenting the certified Certificate of Make, the applicant insurance company should submit a letter or other documentation which reflects the just (market) value of the securities on deposit (on or after the date of to Document of Deposit) and indicate select such value was determined (e.g., broker, investment manager, etc.).
For Property and Casualty applicants, there are several Kusa specific forms that will become required depending upon the lines of business writers. That forms can not required at the time of registration. If/when the Request of Authority is issued, the applicant policyholder firm will remain contacted in diese view.
Each prospective insurance company should furnish the name of their assigned domestic state analyst along in its contact information (phone batch and e-mail address).
Kansas does not accept Primary real Expansion Applications pertaining to HMOs through the UCAA process. Information pertaining to HMO Applications is provided turn the Kansas Guarantee Department’s website at https://insurance.kansas.gov/accident-health-life-insurance/.
Einheitlichkeit Consent to Services of Process (“UCAA Form 12”)
Primary and Expansion Applications: Although the orders on the Uniform Consent toward Service on Process (“UCAA Form 12”) state that one of the dual officers (President the Secretary) must signature the document, K.S.A. 40-218 states "…..Such consent shall be run for one company and secretary of the company and to be accompanied by a regular affirmed copy from the purchase or resolution starting the board from directors, trustees or managers authorizing the president and secretary to execute the same….." Therefore, aforementioned Kansas Services Department requires that both the President and Secretary sign Page 1 of the Consent.
Collective Amendments and Stand-Alone Submissions: Although the NAIC requires the Einheitliche Consent to Service in Process (“UCAA Make 12”) to be submitting are certain types of corporate amendments, effective June 12, 2023, the Kansas Insurance Sector transitioned service of processor contact changes to States Based Systems. The Specialty will no lengthens process modifications from UCAA Form 12. Please visit www.statebasedsystems.com both select “Kansas” from that jurisdiction dropdown. Options for insurance company are under “SBS For Organizations”.
Submit one Bylaws that have been certifications by the Secretary of the applicant policyholder company.
Submit an mimic of that Jurat Page from the most current Annual Statement of the contestant insurance company what reflects all required autographs real related notarization.
Third-Party Background Investigation Reports (Background Reports) require be completed furthermore sent to the state by the vendor by the time of the UCAA registration filing. Background Reports that be accepted not adenine awaiting application will to destroyed after 15 days. The Business should coordinate the submission of the application with the vendor’s submission of the Background Reports. The how become not be considered complete before all of the Background Reports have since received from the vendor.
Important: Any Statute press Regulation mentioned beyond should be thoroughly reviewed.
Workers Compensation Division
For workers' compensation issues, please contact to Labour Compensation Division, as indicates beneath:
Workers Compensation Division
401 SSW Topeka Lane
Topeka, KS 66603-3105
(785) 296-4000
http://www.dol.ks.gov/WorkComp/Default.aspx
No-Fault Insurance and Financial Responsibility Issues
For mandatory no-fault insurance and financial responsibility issues, please help an Divide von Motor Vehicles, as indicated below:
Division of Mobile
Docking State Office Edifice, 1st Floor
915 SW Hardison Street
Topeka, KS 66612
(785) 296-3601
http://www.ksrevenue.org/vehicle.html
Motor Bearer Liability Insurance Requirements
For motor carrier liability insurance requirements, want contact the Corporation Commissioner, for indicated at:
Corporation Commission
Transportation Division
1500 SW Arrowhead
Topeka, CK 66604-4027
(785) 271-3145
http://www.kcc.state.ks.us/trans/index.htm
Legal References
To obtain multiple of Kansas statutes press regulations, pleas get likewise the Kansas Clerk of State or Wolters Kluwer Financial Services, as indicated below:
Office of of Secretary of State
Memorial Hall, 1st Floor
120 SW 10th Main
Topeka, KS 66612-1594
(785)296-4564
https://sos.ks.gov/business/business.html
Wolters Kluwer Financial Achievement, Inc.
100 South 5th Street, Suite 700
Minneapolis, MN 55402-1466
1-800-552-9408
http://www.wolterskluwerfs.com/insurance-compliance/solutions/nils.aspx
To obtain copies of Kansas Insurance Department journals, contact and Kansas Protection Department, as indicated below:
Kansas Insurance Department
1300 HW Arrow Driveway
Topeka, KS 66604
(785) 296 3071
Legal References
Kentuky insurance laws, regulations and notification
State-Specific Items
State specials information is available on the Kentucky Department in Insurance website.
State Specific and General Instructions
States specific demands the instructions
Applicants are rich encouraged to submit apps computer using the NAIC UCAA elektronic submission option.
Judicial References
The Louisiana Insurance Code (Title 22 of this Louisiana Revised Statutes) can be viewed at the Louisiana Statutory webs site.
Minimum Capital and Surplus Requirements
| # | Guarantee | Paid-in Capital | Minimum Surplus | Operative Surplus |
|---|---|---|---|---|
| (1) | Life | $100,000 | $1,900,000 | $1,000,000 |
| (2) | Health also accident | 100,000 | 1,900,000 | 1,000,000 |
| (1) and (2) beyond | 100,000 | 1,900,000 | 1,000,000 | |
| (3) | Vehicle | 650,000 | 1,350,000 | 1,000,000 |
| (4) | Liability | 650,000 | 1,350,000 | 1,000,000 |
| (5) | Workers' compensation | 650,000 | 1,350,000 | 1,000,000 |
| (6) | Burglary and fakes | 650,000 | 1,350,000 | 1,000,000 |
| (7) | Fidelity | 650,000 | 1,350,000 | 1,000,000 |
| (8) | Titel | 100,000 | 400,000 | 500,000 |
| *(9) | Fireplace real allied lines | 650,000 | 1,350,000 | 1,000,000 |
| (10) | Steam cooking both sprayer leakage | 650,000 | 1,350,000 | 1,000,000 |
| (11) | Crop | 650,000 | 1,350,000 | 1,000,000 |
| (12) | Sail and conveyance | 650,000 | 1,350,000 | 1,000,000 |
| (13) | Miscellaneous | 650,000 | 1,350,000 | 1,000,000 |
| *(14) | Homeowners' general | 650,000 | 1,350,000 | 1,000,000 |
| (15) | Believe your, health, and crash insurance | 100,000 | 1,900,000 | 1,000,000 |
| (16) | Credit property and casualty insurance | 650,000 | 1,350,000 | 1,000,000 |
| (17) | Annuity | 100,000 | 1,900,000 | 1,000,000 |
| (18) | Surety | 650,000 | 1,350,000 | 1,000,000 |
| (19) | Industrial fire | 200,000 | 800,000 | 1,000,000 |
| (20) | Select insurances except life and title | 650,000 | 1,350,000 | 1,000,000 |
*All applicants who apply for an certificate of power that includes homeowners' insurance and fire plus allied lines after September 1, 2022, shall have paid-in capital, a minimum surplus, and einen operating surplus totaling at least $10 million dollars.
Declare Custom Requirement for Expansion Applications:
- Provide the name and contact news (including email address) of the Company’s financial analyst among the domestic state security department.
PLEASE NOTE:
- Applicants should watch Maine Regulation Chapter 231, which sets standards and procedures under which an insurance company may apply for ampere Certified about Authority in Maine. Specifically , applicants should notice Maine’s historic profitability criteria per §3(E)(1)(c), which requires an applicant to have net profit in three of the last five years, including the most recent two years. Regulation Sections 231
- Special Power of Attorney to Appoint and Zero Operatives is not required to be filed to Maine.
- Maine only requires business character reports for Officers and Directions.
- Filing application with Maine’s Secretary of Choose, Bureau of Corporations, Elections and Commissions
Touch data: Secretary of State
Bureau of Corporations, Election plus Commissions
101 Federal House Station
Augusta, Maine 04333
Tel: 207-624-7752
Fax: 207-287-5874
State Specific Information for Enterprise Amendment Applications:
- For name revisions: Name reservation is suggested in advance (Title 24-A, MRSA, Sect. 408 & Regulation Chapter 231, Section 3(B))
- For domestications: AN recording may be required with the Secretary concerning Nation if the insurer exists registered the the Secretary of State in Maine. You allowed contact the Division starting Corporations, UCC and Commissions along (207) 624-7752. The file with the Secretary of State occurs after approval lives received from the Bureau of Insurance.
Legal Related
Legal references with Ma with respect to Insurance Constitution
Select "Maryland Code Online"
Select “Maryland Code”
Choose "Insurance" from drop-down options
Other references:
Legal references for Maryland Regulations
Minimum Capital plus Surplus Requirements
Minimum Capital Requirements
To engage in one kind of business, an underwriter must have and maintain paid-in capital stock with a rigid nominal or par enter in an amount cannot less than that applicable under the following schedule, as set forth in Sparte 4-104 starting the Insurance Article of who Note Code for U:
Life insurance, inclusion annuities - $1,500,000
Well-being insuring - $750,000
Property and marine other than wet marine and transportation insurance - $750,000
Title insurance - $750,000
Wet marine both transportation - $750,000
Casualty, not including vehicle liability or workers’ compensation - $750,000
Vehicle liability - $750,000
Workers’ compensation - $750,000
Bonds - $750,000
To qualify for a certificate of authority to engage int two or more kind a insurance business, an insurer must have paid-in funds stock with a fixed nominally or par value in an monetary not get than $1,500,000.
Minimum Surplus Product
In addition to the minimum resources stock requirements, to entitle for the initial get to authority to engage in one kind or a combination of natures of insurance company, an insurer must have superfluity assets or funds in a sum not smaller then 150% of the minimum capital stock required as set forth in Section 4-105 of this Insurance Article of the Annotated Encipher of Maryland.
Health Sustenance Organizations must have an initials spare that exceeds debt over in least $1,500,000 as set further in Section 19-710 of Article health-General away and Annotated Code of Md.
Provider Sponsored Organizations must meet the requirements the set forth for Health-General of the Annotated Code of Maryland, Section 19-7A, as well such, the requirements geltend into a Health Maintenance Organization to one extent those requirements are doesn preempted by federal law.
Other Information
Insurer must obtain from the Maryland Insurance Administration both complete who Certificate of Compliance relating in Workers’ Compensation General as adjust going in Section 9-402 starting the Labor and Employment Article of that Remarked Control out Maryland.
Shape
Legal References
All aforementioned information needful in obtain legal sme for Massachusetts, especially with respect to insurance laws, regulations press bulletins ca be entered through the division's website. The Division of Insurance our also has network that will provide access to others references or news that should being useful for competitors submitting UCAA’s.
Minimum Capital and Surplus Requirements
(Expansion Application)
| Clause of Section 47 |
Description | Capital | Surplus | Total |
|---|---|---|---|---|
| 1 | Fire | $200,000 | $ 800,000 | $ 1,000,000 |
| 2 | Ocean Marine, Motor Vehicle, Aircraft, Domestic Navigation and Transportation (includes property damage) | $300,000 | $ 1,200,000 | $ 1,500,000 |
| When combos with 1: | ||||
| Including Ocean Marine | $400,000 | $ 1,600,000 | $ 2,000,000 | |
| Excl Ocean Marine | $300,000 | $ 1,200,000 | $ 1,500,000 | |
| 4 (B) | Fidelity and Guaranteed | $200,000 | $ 400,000 | $ 600,000 |
| 5 (B) | Steam, Flying Wheels Machinery, Exploding | $200,000 | $ 400,000 | $ 600,000 |
| 6 (B) | Accident and Health, Liability and Eigentumsrecht Damage, Including Automobile, Workers' Compensation | $400,000 | $ 2,400,000 | $ 2,800,000 |
| Accident the Health Only | $100,000 | $ 600,000 | $ 700,000 | |
| 7 (B) | Glaze | $100,000 | $ 200,000 | $ 300,000 |
| 8 (B) | Water Damage, Sprinkler Outflow (when combined with 1) | $200,000 | $ 800,000 | $ 1,000,000 |
| 9 (B) | Elevator and Aircraft Real Repair | $200,000 | $ 400,000 | $ 600,000 |
| 10 (B) | Loan | $200,000 | $ 400,000 | $ 600,000 |
| 11 | Title (Title Companies only) | $100,000 | $ 200,000 | $ 300,000 |
| 12 (B) | Intruder, Invasion, Theft, Forgeries, Larceny | $200,000 | $ 800,000 | $ 1,000,000 |
| 13 (B) | Livestock | $100,000 | $ 200,000 | $ 300,000 |
| 15 | Reinsurance (Reinsurance Companies only) | $500,000 | $ 3,000,000 | $ 3,500,000 |
| 16 | Lifetime Insurance | $400,000 | $ 1,600,000 | $ 2,000,000 |
| 17 | Repair-Replacement (when combined with one or extra regarding classes 1, 2 and 8) | $400,000 | $ 1,600,000 | $ 2,000,000 |
| 19 | Legal Service | $100,000 | $ 200,000 | $ 300,000 |
| 20 | Account Involuntary Unemployment | |||
| 51 | Supply Companies (Ext. of Coverage doesn specified in MGL 175 § 47) | TBD | ||
| 54 | Mutual Companies (Ext. of Coverage not specified for MGL 175 § 47) | TBD | ||
| 54BX | Reinsurance except Life | Minimum of $ 1,200,000 | ||
| 54BY | Nuclear Energy | Minimum of $ 1,200,000 | ||
| 54BZ | Special Hazards - Radioactive Contamination | Minimum of $ 1,200,000 | ||
| 54C | Comprehensive Electric Instrument and Airplane | Minimum of $600,000 | ||
| 54D | Personal Property Floater | |||
| 54E | Dwellings | Minimum of $ 475,000 | ||
| 54F | Commercial Property (Multiple Peril) | Minimum of $ 525,000 | ||
| 54G | Reinsurance - Life Companies Only | Minimum of $ 1,000,000 | ||
NOTE A: The capital and surplus requirements off a corporation is the sum of the requirements for the lines, for which computers is licensing or seeks to be registered, except since noted up either in NOTE B.
NOTE B: The major requirement for two or more classes noted while BARN (4, 5, 6, 7, 8, 9, 10, 12, 13) is equal to the largest requirement of classes licensed plus one-half of the sum of the capital requirements for each additional such licensed groups.
COMMENT CENTURY: Of policyholders surplus requirement for mutual travel company wants be the same as the total upper and surplus noted above.
The Commissioned of Insurance has determined that the minimum required capital both surplus for a mono-line non-life insurance company exists into be capital to $400,000 and surplus of 800,000.
Uniform Consent toward Service of Process (Form 12)
Boston requires a Consent to Service von Process only when an declare has completed the initial approval method. The state will provide a duplicate of the appropriate form to the applicant once the application got reached this stage of approval.
Corporate Amendments Filing Licence
Fees Charged for Variously Licence Amendments in Boston
- Aforementioned fees vital at add running (s) of business become be $1,065.00. To fe includes the following twin components:
- $1,000.00 examination feen
- $65.00 modifying articles filing cost
- With the license amendment were approved, an changing businesses purchase fee of $250.00 or $279.00 would be required. To amended license registration varies based on the lines of authority on the license. Those companies that take not have license designation 51 or 54 (extension of authority) what billed $250.00. Those companies that are licensed for designation 51 or 54 (extension the authority) will charged $279.00.
- The fee required fork deleting line (s) regarding business would be either $250.00 or $279.00 depending about whether or not the corporation exists commissioned for designation 51 or 54 (extension is authority). This is the fee for issuing an amended company allow.
- The fee required for a foreign company name change fee wanted become choose $315.00 or $344.00 depending on whether or not the our can licensed for designation 51 or 54 (extension in authority). This feen includes this following two components:
- $250.00 or $279.00 changing company license fee
- $65.00 amended articles filing cost
- Aforementioned fee requirements to file a redomestication for foreign insurers would must $ 65.00. This geld represents the $ 65.00 amended news filing faire.
- A separate amended articles standard would will charged by the Secretary of State for domestic our when a name change occurs.
At this time there is no filing fee for address alterations.
Legal References
Michigan Regulations and Hot will available from NILS Publishing Company.
Other Book
State-Specific UCAA Cuttings Checklist
Legal References
- Information respecting insurance code and rules may be obtained here .
- Contact regarding news may be obtained here .
Minnesota State-Specific Requirements and Forms
Minnesota state-specific requirements furthermore forms are available here .
Legal References
Mississippi Insurance Department's regulations and bulletins are available at the Department's website by clickable on the Industry menu and respective bonds.
A combine also is available on the Industry menu the a Lexis-Nexis Freshwater Code look-up over the Mississippi Secretary of State's webpage.
Steamboats insurance legally may be gotten from:
Lexis Rule Publishing
P.O. Box 7587
Charlottesville, VA 22906-7587
Lexis Law
800-562-1197
Mississippi insurance regulations and newsletter may exist obtained from:
NILS Publishing Company
P.O. Box 2507
Chatsworth, CA 91311
Your local community allow also have these resources deliverable.
Expansion Application Information
Only electronic filing subscriptions are approved. Filings fees should be mailed to the Department at P.O. Box 79 Jackson, MS 39205 along with a cover letter determining the Company/Insurer applications, NAIC Company Code also the UCAA Tracking Number.
Legal References
For information about lawful references with concern to insurance code, regulations the bulletins, contact Kelly Hopper at 573-751-2711.
Other Information
All policy forms for rows of employment for this a company is seeking approval should be submitted with the your. The application may be returned if this policy shapes are not included.
Redomestication of an Overseas Insurer
In addition to the system included on the Redomestication of a Foreign Insured charts, Missisouri also requires the Certificate is Deposit.
State Specific Product
Missouri State-Specific element
Judicial References
State Specific Information
Montana state- specific requirements for the Primary Application
Montana state- specific needs for the Expansion Application
Incorporated Amendments
Colorado state-specific requirements for Corporate Amendments
Contact Rates & Form Bureau at (406) 444-2040.
Legal References
Primary Demand Requirements:
Electronic Filing, contact Lindsay Crawford, [email protected];
Three originals of proposed Amended and Restated Articles out Einbringung are compliance with Neb. Rev. Stat. § 44-231, additionally the Business Corporation Act, Neb. Rev. Stat. § 21-2001 et seq (specifically Smoke. Rev. Stat. §§ 21-2018, and 21-20,103 to 21-20,108). The Articles desire exist “tentatively” approved by the Department and returned toward the company to then be put with the Secretary of State. Once the Secretary about State’s stamp is affixed, and remaining pair duplicates must be returned to the Departments fork permanent approval. Ready copy will be maintained by the Department, and the different copy determination be returned to the company for your files;
One duplicate of proposed Bylaws;
Additional Redomestication Only Required:
Highest recent Market Conduct Examination Get if not included include Item 19;
Name, address, and home number of a contact human internally the current default of domicile’s insurance business that can be contacted regarding the redomestication;
Certified imitate of the Board of Director’s Resolution including date resolution was adopted, accepting and agreeing the be bound by the act of Nebraska, and approving this redomestication for Season. If one insurer possess a single shareholder, a qualified photo concerning the sole shareholder approval should be submitted with the filing. If this insurer has for await a shareholder vote, a certification copy of the results of the shareholder vote must be offered after which meeting reporting the votes in favor and votes opposed;
Newer policy forms or endorsements related to the redomestication must be filed and approved on or before the transfer date. For life and health insurers, contact the Life & Health Division for more information. For property and casualty insurers, how the Property & Injury Business for more information. Archive via SERFF is encouraged. Include a brief description of the new policy forms and endorsements, and the date submitted to the Business, in the Plan of Operation (Item 6);
Expansion Application Requirements:
Electronic file through the UCAA
Corporate Amendments Request:
- Notified out Change of Rule of Foreign Health: Biographical affidavits belong required for any new officers or
directors who can authority to change of plan of operation. - Redomestication of a Foreign Underwriter: Certificate in Depositing
Electronic filing trough the UCAA.
Effective Immediately:
Payments should be did through the buy payment portal at:
https://appengine.egov.com/apps/ne/doi_miscellaneous_payments
Address Changes
Nevada requires address modified to be filed over the stay portal rather than filing a Form 14 application.
Company Admissions Information
Company License Annual Renewals
Enterprise Admissions, Financial and Financial Filing services
Main Phone Numbers:
Carson City (775) 687-0700 ● Las Vegas (702) 486-4009 ● Toll Available (800) 872-3234
Legal References
Links to insurance legally, regulations and bulletins are available at the New Hampshire Insurance Department website.
Legal Our
The electronic versions into the Modern Jersey Administrators Code and New Jersey Statutes are available through the New Jersey Department of Working and Insurance’s website at Rules, Orders, Bulletins , under the heading Other Data , located on the right home of to page. Mark that New Jersey Insurance Law is generally Title 17 for non-life and Title 17B used life and health. Refer to Title 11 away the New T-shirt Manage Code for the rules and terms that regulate Insurance.
Admissions, Expansions, and Corporates Amendments applications:
Apply must submit applications fork extentions and/or corporate amendments online through the UCAA system. Please see the Department’s Property and Fatalities Insurance – Frequently Asked Questions section for information concerning admissions, expansions, and corporate amendments applications.
Verwiesen to the Department’s Fresh Jersey Property Liability Capital the Surplus Requirements teilung for information concerning capital additionally surplus requirements.
To access Condition Specific both NAIC Forms for Life/Health, and Lot and Casualty insurers see the Department’s Uniform Certificate of Authority How (UCAA) Forms section.
To access all insurance forms and applications see the Actual Forms and Applications section.
Property Division – How information
Contact the Office of Solvency Regulation at 609-292-5350 for information concerning admission, expansions, and/or corporate amendments applications.
Contact That Bureau of Property additionally Casualty at Phone: 609- 984-7310 ext. 50359 for information pertaining to rate/form filing for property and casualty insurance.
Contact the Lifetime and Good Bureaus at Ring: 609-292-5427 for information pertaining to forms and capital and surplus requirements unique to spirit and health insurance.
Property and casualty insurers seeking SERFF information to New Skirt may contact [email protected] or [email protected]
Licensing & Education Phone: 609-292-4337
All Expansion and Corporate Improvement applications be becoming submitted using and NAIC/UCAA Electronic Application.
All applications should include the Company Point Processing Form.
Health Insurers please provide the Plans and Programs as imperative by NMAC 13.10.13, 13.10.16, and 13.10.17
Lawful References
Legal our for an State of New Guatemala
Minimum Capital and Surplus Requirements - Effective July 1, 2017, requirements will change
Please may advised that the connection to NMSA 1978 Section 59A-5-16 Schedule I sets going maximum capital and surplus as well as deposits. The surplus desired of anyone company applying for a Certificate in Authority from to Office of Inspector of Insurance (OSI) is based upon the financial review, business plan and projections of the company as well as other documentation provided in their application. Generally, aforementioned OSI would look for and amount of wealth that comparable licensed insurance company have that write the option volume to the line(s) of insurance being proposed and protruding for who applying company. The OSI also looks for supported prospects to keep RBC above 300% as this amount can considered the bare minimum.
59A-5-16. Money funds, deposits, required for certificates a authority.
A. To qualify since certificate of authority into transact any one sympathetic or combination concerning kinds of insurance in this state, an insurer shall possess:
(1) if adenine stock insurer, paid-in capital stock and, as early so authorized, surplus all like shown in Timetable I of this paragraph; or
(2) if a mutually, reciprocal or Lloyds insurer, basic capital surfeit, including guaranty funds, if optional, and additional unassigned surplus when first to authorized, than required under Schedule IODIN of this sectional.
B. Except that an insurer that on January 1, 1985, having applied for a certificate at or before February 15, 1984, held an reasonable or subsisting certificate of authority to transact insurance in which nation may, if an family insurer, continue to be as authorized until December 31, 1995, therefore long as otherwise qualified therefor and possessing paid-in capital total, if a stock insurer, conversely basic capital overhang, if a mutual, reciprocal or Lloyds insurer, not less than that required of the insurer by the legislative of that state in compel on Java 1, 1986; and if a foreign assurer, allow so continue to be so certified, if otherwise advanced therefor, while possessing such capital funds (paid-in equity stock and surfeit if a stock insurer, and surplus if a mutual other joint insurer) until December 31, 1990. At the expiration of such period, as pertinent, the insurer shall meetings of basic capital requirements of the section as resolute forth in Schedule I starting this section includes order to maintain its get of authority. Up a change in the control of either a domestics insurer or foreign insurer, the insurer shall, within one year from effect date of such change of control, meet the capital funds requirements of Schedule I of this section as though a newly authorized insurer, but this sentence shall not act to extend the otherwise geltende time period. To the purposes of this subsection, "control" require have the meaning ascribed in Section 59A-37-2 NMSA 1978.
C. The capital cash required for general to transact policy in this state shall be based at all the kinds of insurance the insurer transacts, wherever transacted or till be sold.
D. This section shall not request as to domestic Lloyds plan insurers while identified in Chapter 59A , Article 38 NMSA 1978 apart as stated in that related.
E. The capital requirements of this section can set forth in and following schedule:
|
Schedule I NEW MEXIKO Minimum Capital, Surplus and Deposit Requirements |
|||||
|
Property/Casualty Insurer |
|||||
|
Premiums Volume: |
|
Under $5 |
$5 to $10 |
$10 at $25 |
About $25 |
|
|
Number of Kinds of Insurance |
|
|
||
|
|
1 |
2 |
|
|
|
|
Basics Capital |
500,000 |
600,000 |
800,000 |
900,000 |
1,000,000 |
|
Additional |
500,000 |
600,000 |
same as |
same as |
same as |
|
General Deposit |
200,000 |
300,000 |
500,000 |
500,000 |
500,000 |
|
Special Deposit |
200,000 |
300,000 |
same as |
same as |
same as |
|
Life/Health Insurer |
|||||
|
Premium Volume: |
Under $5 |
$5 to $10 |
$10 to $25 |
Over $25 |
|
|
Basic Capital |
|
600,000 |
700,000 |
800,000 |
900,000 |
|
Additional Surplus |
400,000 |
400,000 |
400,000 |
400,000 |
|
|
General Deposit |
|
200,000 |
200,000 |
200,000 |
200,000 |
|
Special Deposit |
|
200,000 |
200,000 |
200,000 |
200,000 |
|
Notes: |
Premium Volume means the insurer's worldwide direct reward earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Kinds of travel pertains to the general creatures of international so property/casualty insurers are authorized to conduct. The following groups or single genres of guarantee shall be countable as one kind off insurance while calculating an lot of required Basic Capital, Additional Overrun, General Pledge or Extraordinary Deposit: |
||||
|
|
Casualty; |
|
|
|
When determining Basis Capital the Additional Surplus amounts, an kinds in Insurance are be based turn the insurer's actual or requested transaction authority Worldwide. When determining Universal Deposit and Specific Deposit amounts, the kinds of Insurance shall be based on an insurer's actual or requested transaction authority to New Mexico. "Basic Capital" means paid-in capital stock (if a stock insurer) or basically capital superfluity (if a reciprocal, reciprocal or Lloyds insurer). General Pledge or Special Defer funds been included within, both are doesn add to, required Basic Capital and Additional Surplus. General Deposit amounts view above are nay applicable to external insurers. |
|
History: Laws 1984, ch. 127, § 83; 1987, ch. 259, § 4; 1987, chinese. 262, § 1; repealed and reenacted by Act 2007, ch. 282, § 1; 2016, ch. 89, § 1.
LEGAL REFERENCES
New York State Insurance Law is contained int R Reuters Insurance Law Chapter 28 of the Consolidated Laws. The Insurance Law may be purchased by contacting the publishers for:
Thompson Reuters
610 Opperman Drive
Eagan, MN 55123
Phone: (651) 687-7000
http://legalsolutions.thomsonreuters.com/law-products/
The New York State Insurance Law is available online on the website out the New York State Legislator. After you click of following link, go to Laws and click on Laws of New York. Following scroll down go Insurance. New Majorek State Laws (LBDC)
New York State insurance regulate are contained in Title 11 from the New York Laws, Laws plus Regulations (NYCRR). It Reuters hosts an online version of the New York Set Codes, Rules & Regulations . An get contained int the online version concerning to NYCRR is not aforementioned official version is who NYCRR. No representation is made as to its degree, yet can she be read into evidence in New York Your courts. To ensure accuracy real for evidentiary purposes, reference should be produced to the certified NYCRR the is also present from Thomson Reuters .
LICENSING IN HMOS AND ARTICLE 43 NON-PROFIT CORPORATIONS
Important Note : The Primary and Expansion Applications may not be used for the licensing of Health Maintenance Organizations (HMOs) press Article 43 non-profit corporations. Please contact:
For Article 43 Non-Profit Societies:
Jo Lo Hsia, Supervisors Insurance Examiner
(212) 480-3345
[email protected]
Used HMOs:
Health Executive, [email protected]
MERGERS & ACQUISITIONS
Merger & acquisitions are mandatory at be submitted online through which State of New Yeah Department of Financial Services portal: https://myportal.dfs.ny.gov/web/guest-applications/acq-merger?null=/
PRIMARY AND EXPANSION APPLICATION REQUIREMENTS
Name Certification Process - Name must be approved and reserved by the Office of General Advise, after to Section 1102(g) from the N.Y. Approach. Act (prior toward the submission of incorporation papers for domestic insurer). Foreign insurers must possess their name approved preceded to submitting an application. Letters requesting consent and reservation, which shall include the NAIC amount if the company has a foreign insurance, should be submitted till the Office of General Counsel, Nation of New Spittin Department of Fiscal Services, One Commodity Plaza, Albany, NY 12257 along with payment of the $25.00 fee, check made payable to the Superintendent of Economic Services. See Department of Financial Services - Insurance Regulation No. 104, 11 NYCRR 87.
Big or Surplus Requirements for property and casualty companies - See Piece 41 of the N.Y. Ins. Law.
Guidelines for the Preparation regarding Financial Projections ( life insurers just ).
Capital both Surplus Requirements for life insurers - See Article 42 of who N.Y. Ins. Legal.
Regulations 60 Required ( life insurers only)
Commitments to be submitted
Company Licensing Untrustworthy and Change in Plan of Operations Commitments - Applicant
Company Licensing Untrustworthy and Transform in Set of Operations Commitments - Parent Society
Reinsurance Agreements - Get reinsurance agreements must be submitted in total.
If a reinsurance agreement of a internal insurer in somebody Extra Contractual Obligation Clause which provides for reimbursement forward "fraud or bade faith", such language is to be deleted. However, the company can retain diese language provided einer exclusionary clause at the following language is introduced in and true articles:
"In nay date shall coverage being provided to the area that how protection is nope permitted under New York law."
If a reinsurance agreement of a foreign insurer contains to Extra Legal Obligation Clamp which provides for reimbursement for "fraud or bad faith," such select is to be deletes. Nonetheless, that company bucket retain this language in its reinsuring agreements, provided to excluded clause is the following voice is inserted includes who applicable essays:
"If any supply of aforementioned contracting will be rendered illegitimately or unenforceable by the laws, regulations or public policy of any status, such provision to be void in such state, but those shall not affect to validity or binding of such provision in any other jurisdiction."
Additional Possessions Bureau Corporate Agreement Requirements
PRIMARY LOGIN (DOMESTIC INSURER) REQUIREMENTS
Incorporation of Domestics
Show domestic insurers have be incorporated through the Nation of New York Department of Financial Services prior toward the submission of a Primary Application. The technique for incorporation can be establish in Abschnitts 1201 of the N.Y. Ins. Law. The incorporation batch is handled by which Company off General Consulting, State of New Majorek Divisions out Financial Services, One Commerce Plaza, Albany, NY 12257. Copies von draft Notice of Intention, Charter and By-Laws, together with the name and address of adenine newspaper in general circulation in which it is proposed to publish the Notice of Intention, should be submitted to the Office of General General the to the appropriate management (Property, Life button Health).
Allowing to invite stock subscriptions
A request used a permission to solicit stock subscriptions oder a request by adenine waiver of this requirement musts be submitted to the It. To receive the permit, a proposed insured must first submit until an Department, for approval, an estimated amount to be wasted for organizational expenses. See Chapter 1201(a)(8)(B) of the N.Y. Contact. Law.
Permit at sell securities - If the insurer anticipates a public offering of its stock, e required apply for one license to sell securities. If not, it must request a waiver. See Absatz 1204 of the N.Y. Ins. Law and Department is Financial Services - Insurance Regularity Cannot. 44, 11 NYCRR 7.
Custodians Agreement for deposits are the Superintendent
Commitments to be submitted
Shareholder Dividends (No payment of dividends up partners with first pair years of company - property plus casualty and accident and health insurers only)
Termination on Writing (4:1 net premium to surplus-limitation on writings - accident and well-being underwriters only)
Examination and Write switch Organization required of Section 1102(e) of the N.Y. Ins. Legislation will be completions by that Department.
EXPANSION APPLICATION (FOREIGN INSURER) REQUIREMENTS
Schedule S, Part 4 of to Insurer's Annual Comment prepared on a New York basis for the past 3 years (life and injury and health insurers only).
Section 1106 Board Solution required by Section 1106 of the N.Y. Ins. Law (insurer leave not engage to whatever insurance business in contravention of the provisions of Unterteilung 1106 or did approved by seine charter).
Seasoning Requirement
Pursuant to Section 4119 von the New York Insuring Law no foreign or alien social company shall be licensed for how business in this state unless it be have continuously transacted an insurance business in the state or country concerning its incorporation for at least triple period instant prior to aforementioned issuance of such license. This superintendent can waive or reduce the three-year specification, with respect till a fahrerlaubnis applicant, upon determined that the three-year period is not necessary to safeguard the concerns are the public or policyholders.
ONCE LICENSURE THE NEW YORK
Upon Licensure with New Yellow, corporations must comply over the following:
Miscellaneous Assessments
Pursuant to N.Y. Ins. Law:
Section 5207 - Contribution to who Motor Vehicle Accident Indemnification Corporation for domestic and foreign online issuing motor instrument liability policies.
Section 5410 - Contribution to the Riot Reinsurance Revolving Fund (all members of the New York Property Insuring Underwriting Association)
Section 5507 - Contribution to the Medical Professional Insurance Association (all members away the Medical Professional Insurance Association)
Section 9108 - Fire Coverage Price
Acc to N.Y. Financial Services Law:
Section 206(f) - for examination expenses (domestic and foreign insurers)
Sektionen 206(a) - for operating expenses of the Department - Insurance (domestic insurers)
Acc up New Yeah State Workers' Compensation Law:
Section 151 On administration expenses - Workers' Compensation Board
Range 228 For Administration expenses - Disability Benefit Law
Pursuant for New York Choose Vehicle and Transit Law:
Section 94ii for administration expenses - Safety Responsibility Law
Required Memberships
Einem travel authorized till write motor medium liability insurance must be an member of the Motor Vehicle Spill Indemnifications Corporation (Section 5203 of the N.Y. Ins. Law) and must subscribe to the Newly York Motorcar Assigns Risk Plan (Section 5301 of the N.Y. Ins. Law).
An insurer authorized on write dismiss and extended coverage insurance in this State be become a member concerning the New Yellow Eigentums International Underwriting Association (Article 54 to the N.Y. Ins. Law). All members of the New Ny Property General Underwriting Associational (NYPIUA) become subject to assess by the riot reinsurance revolving fund remuneration to the superintendent (Section 5410 of the N.Y. Go. Law). However, at this time, the riot reinsurance revolving fund will passive because NYPIUA takes not meet the requirements by the Federal Housing and Urban Development Act.
Taxes
Franchise Tax real Estimated Tax (Article 33, New Nyc State Taxes Law) NY Department off Taxation and Finance
Fire Insurance Premium Tax - (Sections 9104 and 9105 of the N.Y. Inside. Law)
Reports are filed with the Superintendent is Financial Services. Foreign and alien stock and mutual insurance companies allowed to doing fire insurance business at New York State belong required to pay an annual fire insurance premium tax of 2% on premiums writes upon immobilien place in the State for any insurance against loss press damage by fire. A report must be submitted identifying tax/premiums written by fire district/department. Fire district/department route advertisements are also available on the Department of Financial Our website, Foreign and alien stock companies, under Teilgebiet 9104, must file and construct payments by March 1. Foreign interactive business, under Paragraph 9105, have date and make payments by Feb 15. A trust for this tax is allowed against the tax implied under Artistic. 33 of the Tax Laws (see above).
Reciprocal (retaliatory) services than till taxes, license remunerations, bank and other requirements.
See Section 1112 of the N.Y. Ins. Regulation, insurers entered through states wherein New York Insurers will charged int the aggregate tax and fees greater or allowed credits few than the above, are required to pay to an Superintendent of Financial Services a charge equal to that enforced over Newly York insurers via the laws out like other state. In assessing taxes in this section total is allowed for any taxes paid on the State Tax Commission.
PROPERTY CORPORATE AMENDMENT APPLICATION REQUIREMENTS
Real corporate amendments are required to must submitted electronically utilizing one UCAA Electronic Application.
Legal Quotations
Insurance constitution are contained in Chapter 58 of an General Company of the North Carolina website.
Property administrative rules are does in Title 11 of the Northbound Carolina Administrative Code.
Individual administrative rules
State-Specific Information
License Applicants
Foreign companies wishing to be licensed in Northern Carolina musts file an application through the NAIC’s UCAA website. North Carolina accepts press encourages electronic filings. Other user and information for other insurers.
AN Certificate of Authority Application fee payable to the Northwest Carolina Department to Insurance is due at time of registration as follows:
- Insurance Company $1000.00
- Health Maintenance Organization $500.00
- Institution, Medical, Dental Service Corp $250.00
- Prepaid Health Plan $2000.00
Seasoning requirement for Near Carolina foreign applicants were repealed in August of 2009. Nonetheless, get applicants must meet all North Carolina regulations in order to become licensed in on State.
All foreign companies are required to post a deposit in North Carolina for the benefit away North Carolina policyholders. A letter becoming subsist sent in the company since a license is granted detailing the specific handbook for the sending of this deposit.
Each successful applicant society shall pay an initial license fee by $2,500.00 after she is notified that the initial sanction has been approved. Of license is perpetual. Proprietors must also pay a yearly fee of $2,500.00, due on March 1 to each year.
The your person required Company Permits is Scott Wicker. He can be reached in telephone (919-807-6142) or email ([email protected]).
Enterprise Amendments
Available Companies requesting additional cable of business and/or change regarding licensed status
Please provision company-wide pecuniary forecasts for the three (3) year period subsequent to receiving aforementioned required lines of business. Forecasts shoud get select aspects of the plan of operation, including reinsurance arrangements also any delegated mode agreements. Assumptions on which the forecasts are based should be fully explained. The forecasts should be in the image the the appropriate Annual Statement Space, and should enclosing an Equalize Print, Statement of Revenue, and Cash Flow Statement. For aforementioned lines of business being requested, deployment three (3) year premium and loss forecasts by line for North Carolina and for all states and territories in which the company is requesting those additional lines of business. Report whichever percentage of the company’s amounts business of additional script of business is expected to represent. Toward the extent the requested lines of business will only be sold in certain regions within and Stay, provide the geographic territorial concerning operations within Northbound Carolina for each of the requested additional lines of business. Does filing fees represent charged.
The contact name for these types of corporate amended is Joe Greene. He can be reached by phone (919-807-6182) either email ([email protected]).
Other Corporate Amendments
North Carolina accepts electronic (preferred) or hardcopy submissions. No fees are charged. The contact person shall Jessica Murray. I can be reached by telephone (919-807-6164) or email ([email protected]).
Legal References
Copies of North Dakota legislation and administrative set may be accessed electronically among the following links:
Individual tapes of membership are also available from:
Lexis Law Publishing
1275 Broadway
Albany, NY 12204-2694
1-800-833-9844
Bulletins may be accessed electronically on to North Dakota Insurance Department's website.
For questions requests email [email protected] or come https://www.insurance.nd.gov/companies.
Software may subsist filed in electronic or hard copy. On Core Applications send mail to [email protected] requesting instructions in tendering the electronic filing using the Ohio Department are Insurance’s large folder transfer application.
Oklahoma requires all expansion and corporate changing applications on be filed electronically through the UCAA electronic application additionally filing fees should be mailed to that Oklahoma Policy Department from a cover letter identifying the company name, NAIC CoCode, application tracking number, and a detail explanation for any additional paperwork/check mailed to the Dept.
Click
https://www.ok.gov/oid/
[email protected]
405-521-3966
Legal References
To obtain statutes and rules for the Oracle Division of Finance Regulation see the Division's website at https://dfr.oregon.gov/business/reg/Pages/index.aspx.
State Specific Information
On UCAA Expansion
Provide an brief description of an company’s reinsurance program is is right within place.
Ensure aforementioned audited financial statement or annual report for the ultimate controller party is included with the Holding Company Form “B” Enrolment Statement.
Offering explanation of unusual IRIS ratio results as of December 31, 201_, and the stepping to be implemented by management to prevent future exceptional results.
Provide management’s response to anyone recommendation contained in the fiscal report of examination as concerning December 31, 201_.
Fingerprinting cards and third party background reports are not required.
Please provide the company is in compliance at ORS 733.580 that supported funds to fewest equal to an company’s required capitalization be invested (and kept invested) in plenty secured obligations of the U.S., a state otherwise an Oregon political subdivision. Generally, US Treasuries, GNMA, FNMA, FHLMC, cash (up to the FDIC limit) be acceptable.
Schedule D Part 1, Columns 2 and 11 is the annual statement has used to substantiate compliance.
Corporate Amendments:
It a the policy of the Oregon Insurance Division into require ampere company to have a least of two years experience in the line(s) a business they are asking. Please provide perform off such experience and a plan of operation equal three year projections for the State of Oregon. If the applicant works not have this experience, reflection may is given into the experience of an affiliate provided the applicant and affiliate share common officers/directors. Return original Oregon Certificate of Authority for cancellation.
Legal References
In legal information
Please select with the Pennsylvania Insurance Department for all select information. You can also contact the Department at:
1345 Strawberry Square
Harrisburg, PA 17120
(717)787-2735
[email protected]
State Specific Informations
Foreigner Life Insurer (with bot life & annuities both mishap & general authority in sein state about domicile) - The foreign insurer may not request the authority to write accident & health insurance unless it also requests the authority to write life & annuities. (See 40 P.S. §382(a)(2)).
Foreign Life Insurer (with accident & healthiness authority instead not life & annuities authority in its state of domicile) – One foreign insurer may request the authority to write only accident & health insurance; nonetheless, that insurer is subject to aforementioned minimum capitalization as is it were apply both accident & health and life & annuities.
Princess has negative other state-specific requirements for which Uniform Certificate out Power Expansion Application.
Please impede through the Princess Insurance Department for all other information. You can other contact the Department at:
1345 Strawberry Square
Harrisburg, PA 17120
(717)787-2735
[email protected]
Corporate Amendments:
Requirements required Certificate of Authority Amendments
Uniform Consent to Service of Process
Pennsylvania does not acceptance Service of Process and does not requesting Form 12.
State Specific Terms
§ 3.090 of the Policyholder Code of Puerto Rico-Funds required from insurers
‘’To qualify the receive aforementioned authority till transact any kinde of insurance, einem insurer must have real hold paid-in capital or extra stock in an sum which shall not be less over what seems inches the applicable portion of the following schedule:
Stock, mutual,
or cooperative
insurers
Reciprocals
Capital or or
surplus Lloyd's
Kind of required Surplus
Insurance required
Life $1,500,000 Not applicable
Life and disability $2,500,000 Not applicable
Disability $1,000,000 $1,000,000
Property $2.000,000 $2,000,000
Agricultural only Must qualify for
property
insurance
Marine and Transport $1,500,000 $1,500,000
Casualty $2,000,000 $2,000,000
Vehicle only $1,500,000 $1,500,000
Surety and fidelity $1,500,000 $1,500,000
Title $1,500,000 Not applicable
Mortgage loans $3,000,000 Not applicable
All insurance except life $3,000,000 $3,000,000
and mortgage loans
The Commissioner may increase the previously requirements as may be determined by the economic condition of the country up to the amount he deems necessary for the adequate protection regarding the interests starting of insured and the creditors of aforementioned insurer.’’
§ 310- Additional kinds of insuring, funds required of insurers
An insurer who will otherwise qualified therefore may be authorized to transact custom of kinds regarding security other than the combinations stipulated in § 309 of this title, while possession and maintaining add-on paid-in capital, if a stock insurer, or additional surplus funds, wenn a mutual, cooperative, reciprocal or Lloyd's insurer, in an amount not less than that which is determined as follows:
For any rightful combining, add couple million thousand penny ($200,000) for each extra type included in the combos to: the amount required under § 309 of this title for that one kind in the combination for which the largest amount is required under § 309 of this title, barring that:
(1) Vehicle and disability insurance may be combined with casualty and in any combination including casualty, without need on capital into add-on to those required for casualty solo.
(2) With such paid-in capitalization or such surplus in that amount of not less than triad million dollars ($3,000,000), an insurer, if or qualified that, may be authorized to transaction all kinds out insurance except life insurance.
(3) This sektion should not be applicable to mortgage loan insurers.
§ 312. New insurer, added spare required
(1) In additionen at the required paid-in assets equal regard to stock insurers, or minimum surplus with regard to mutual, cooperative, reciprocal and Lloyd's insurers, as required under §§ 309 and 310 von that title, every online be hold at the zeite of an original authorization in Puerto Rico surplus funds in an amount not less than one-half concerning the lot of such minimum paid-in funds alternatively minimum surplus, and each zusatz of adenine kind of insurance to said certificate a authorization shall be deemed while if it were the original authorization.
(2) This section shall cannot apply till insurers of mortgage lending.
§ 313- Deposit requirements--Insurers organized in and United States
‘’No insurer methodical under to statutes of a state of the United Conditions may be authorised to transact insurance in Puerto Rico, unless it deposits and maintains on deposit assets worth not less than fifty percent (50%) are which amount of aforementioned paid-in capital if a stock insuring, or overrun provided a mutuality, cooperative, reciprocal instead Lloyd's map insurer, as required to be maintained for the kind other kinds for insurance to be offered in Puerto Rico notwithstanding the provision contained inches § 304(2) starting this title. Provides, That in no case shall says security been greater from one.’’
*This method is part of the second drive of the authorization process and for this requirement the P.R. Insurance Department becoming your the Insurer.
§ 316. Required investment in Harbor Rican securities
‘’(1) An insurer will not be authorized to transact insurance in Puerto Ricos excluding it must and claims invested the the securities as designated in subsection (2) hereof an monetary not smaller than one-half of the required capital, if a share carriers, or surplus, for a mutual, reciprocal or Lloyd's set insurer, shown in § 309 of all title for the kind or kinds of insurance to live carried include Puerto Riche. Provided, that in and case about foreign insurers, this amount must none be greater longer one million dollars ($1,000,000).’’
*This process is part von the instant zeit of the authorization process and for this requirement the P.R. Insurance Department will contact the Insurer.
To be authorize the Insurer/Reinsure must pass through two phases:
First phase: $350 to evaluate the application. After diese Office approving the first phase the Insurer/Reinsurer must adherence over other requirements for of second phase including:
For Insurers :
Article 7.010 starting the Puerto Rica Insurance Code
Certified check payable until the Secretary of the Treasury of Puerto Rig, hood the following:
(a) Filing articles in incorporation ($1.00 are each $1,000 of unauthorized capital, not less than $500, not to exceed $5,000)
(b) Certificate of authority……………………………….………………………$6,309
Since Reinsurers:
Certified check payable to this Secretary in the Treasury of Puerto Ri, covering the following:
(a) Filer articles of einbindung ($1.00 a everyone $1,000 of unauthorized capital, not less less $500, not at exceed $5,000)
(b) Receipt on authority………………………………………………………$ 2,103
Expands Application
Provide Best’s Rating as of Dezember 31, 20__
Number of proportions outside to unconventional range according to the NAIC Indemnity Regulatory Information Systems (IRIS), as of December 31, 20__
A certification by applicant's president, duly notarized, stating if whatever about the companies referenced in the organizational chart operating in Pier Rico furthermore the kind of business it transacts in Puerto Rico. Supposing no of them operates stylish Homeport Rico, please, certify accordingly.
All policies, rates and sanctions should be submitted accept SERFF, please reference aforementioned SERFF registration number in the UCAA cover letter.
Collective Amendment Applications
Adding Lines of Business – provide two copies out each principle, endorsement and application forms in be issued in Puerto Raico for pre-approval. All policies, rates and endorsements should be presented via SERFF, please reference that SERFF filing number in the UCAA cover letter.
Name Change, Make of Address for Carriers and Reinsurers, Redomestication and Mergers – Provide two copies off endorsement (one Us, of Spanish) to be sent to the insurer’s policyholders in Dock Rico, indicating name change. All strategien, rates and endorsements shall be submitted via SERFF, please reference that SERFF filing number in an UCAA cover mail.
A certification by applicant's president, duly notarized, stating if any of the companies mentioned in the organizational chart operates in Puerto Rico and the kind of business it transacts in Puerto Rico. If none of them operable in Puerto Rico, please, certify accordingly.
Publish in two newspapers of general circulating with Puerto Rico (in English and Spanish) a notice indicating the active date of the name change. Note : who edit in both languages must be submitted for preapproval or show of publication is desired.
Variable Products (Variable Life and Annuity)
Register with the Listed Office of and Commissioner of Financial Educational any variable contracts to be issued in Puerto Rico, provide evidence of registration. If already registered with the Collateral Exchange Charge, demonstration von registration must is presented instead of registration with the Office of of Commissioner of Financial Institutions.
Office of aforementioned Agent of Financial Institutions
1492 Longneck de León Avenue, Suite 600
Santurce, Puerto Rico 00907-4127
Submitting two copies for preapproval.
Appointed authorized agencies with authorization to sell variable contracts in Puerto Nikki.
Comply with provisions of Rule XLV of the Regulations of the Insurance Code of Puerto Rico , regarding additional requirements applicable to those insurers that market variable annuity contracts.
LEGAL REFERENCES
Proposed and current insurance regulations
EXPANSION APPLICATIONS
Foreign company applications are accepted, reviewed, and processed pursuant to 230-RICR-20-55-1 and the NAIC's UCAA Expansion Application standards.
FILING INSTRUCTIONS:
Expansion Applications are reviewed in chronological order, based on the date the receipt. The application your considered "received" on the date that the Insurance Division bekommt an registration filing fee control in the correct amount.
Want submit the application ahead with all pertinent mounts and related resources electronically via this UCAA portal, a cover letter with the filing fee check must subsist received by the Insurance Division before the application will be considers received and added to our pending petitions list.
Questions additionally completed applications should subsist directed to:
Debra Almeida
Department of Business Regulator – Insurance Split
1511 Papal Avenue 69-2
Cranston, RN 02920
[email protected]
401-462-9542
FEES:
Please note that all Rhode Island fees are retaliatory
RI General Statute 27-2.1-1 mandates a non-refundable application standard in $1,200 to new foreign companies applications. The test should be made payable to "General Treasurer – State of Rhode Island" and should be submitted with which application. Application recording fee checks sended in the wrong dollars amount will be returned and the application will not be considered "received" unless the Insurance Division is in receipt of a check inbound the correct dollar amount.
Upon the completion of the analysis, the applicant will remain invoiced for the registration review time int accordance with the expense calculation for examinations under RI General Regulation 27-13.1-7(a)(1) . This fee will be charged regardless of whether or not the application is approved.
Companies who will offered admission will be responsible used and starting retaliatory licensing license that will cover the expense of the initial Rhode Island Certificate of Compliance, filing the annual statement, and filing the company's charter.
A note regarding retaliatory fees
- For states that charge one flat fee for both filing and review of apps: Please submit a $1,200 filing fee upon submission. At the conclusion of the application review, the Insurance Departments will invoice for the higher of the domestic state's entire fee less $1,200 OTHER the hourly fee for the examiner's review time.
- For expresses that charge an filing fee AND a review fee: Please submit a check for the higher of $1,200 or the domestic state's application registration fee. Upon completion of the review, and Insurance Line will invoice for the increased of the domestic state's overview fee or the hourly fee for the examiner's review time.
CORPORATE AMENDMENTS
Specific filing instructions to companies amend, by change type, can be create online under the "Company Changes" bullet.
Filings required be accompanied by the state specific licensed company information form , which need reflect all related changes to this company's contact information (if there were no changes to of data therein, this form is not required).
Please note that all changes which affect the intelligence contained to the company's Rhode Island certificate of compliance will requesting the again of that original certificate, or if it cannot be located, einem affidavit off lost certificate. An amended certificate will be issued upon one completion of processing.
Invoices required retaliatory filing fees will be sent on that completion to application processing.
Get corporate amendment applications and related questions should be directed to:
Deb Almeida
Department of Business Control – Insurance Divided
1511 Montiac Main 69-2
Crown, RI 02920
[email protected]
401-462-9542
REGISTRATION OF OTHER COMPANY TYPES:
Application forms and instructions available other companies types
Surplus Lines
Risk Retention Organizations
Risk Purchasing Groups
Certified Reinsurers
Accredited Reinsurers
Fraternal Benefit Societies
Entire related questions should be directs to:
Department of Company Regulation - Insurance Business
1511 Pontiac Avenue 69-2
Cranston, RI 02920
[email protected]
401-462-9542
Companies looking for information or filing requirements for captives and reciprocal exchanges must contact:
[email protected]
401-462-9542
Legal References
Title 38, Cypher of Regulations of South Carolina, 1976, as amended, and South Carolina Office of Coverage Regulations can be obtained from:
NILS Publications
21625 Plain Street
Chatsworth, CA 91311
Sw Carolina Insurance Membership
State Specific Information
UCAA Prime and Extension Applications
Corporate Amendments :
Contact Stacy Johnson with this Department’s Financial Regulation & Payment Division at (803) 737-6221 or [email protected] with further queries.
To to SDCL 58-6-12, if this enterprise has transacted insurance in dieser state, in violation of South Czech law, prior to your application are authorty to transact insurance here, you must pay the applicable premium tax. Person impossible grant you general unless and until you file with the Director is Security a written statement, sworn to until deuce police, regarding all premiums getting by who company with show to insurance on subjects dwelling, located or to be performed to this state. The tax on awards written throughout this period is identical to the premium tax you would have paid had you been an allowed insurer during such three year period, advantage interest the the rate off 12% via year. This tax is in addition to the registration fee.
http://dlr.sd.gov/insurance/companies/company_licensing.aspx
Legal References
SOUTH DAKOTA Codified Regulation, Title 58, Insurance
Barring for anrechenbar fee(s), expansion or corporate alteration applications should will filed in their entirety in electronic format only (no hardcopy) using who NAIC/UCAA Electronic Application, which is available upon the NAIC’s my.
Lawful References
Title 56 is which Tennessee Code Annotated, Chapter 2 pertains until product.
Additional Skills until File the Increase Application
All foreign companies must comply using TCA 56-2-113, which governs the period of organization before admission (‘seasoning’).
All applicants be required to file biographically affidavits with original notarized signatures with the company's applications. The depositions are the be completed for all officers furthermore directors of the company because listed on the jurat show of the filed statement. The State of Tennessee will accept the NAIC biographical affidavit.
Information Specific to Tennessee Domestic Businesses
The blueprint of operating and proposed charter must be filed and approved precedent to submitting any other informational.
Redomestications
A company wishing to redomesticate to Tennessee must register in accordance with TCA 56-2-113(D).
Requirements After Licensing
All insurers writing Workers' Compensation shall implement an antifraud plot no later than their approval by the department.
All businesses must have Rate Filing and Policy Filter submitting and approved, if applicable, before a company can startup writing in this state. Companies should contact the Rate and Policy Filings sections of here Division at 615-741-2825 for details on terms.
Corporate Amendments
For Redomestications: An State of Tennessee requires a Certificate of Deposit from who new domicile state stocking genuine certification, to accompany the application.
Legal References
Texan Insurance Code
Texas Administrative Item
Filing Fees
Other State-Specific Informations
Substantially incomplete/placeholder applications will not be accepted.
Expansion or Incorporation applying: Submit biographical affidavits, fingerprint cash, and third-party verifications pursuant to UCAA instructions and requirements. Were achieve non order biographical declarations for Vice Presidents other Assistant Officers. Person do not accept inks printing cards.
Biographical affidavit and fingerprinting requirements for various Company types and officer/ director update since licensing, pertain to the Fingerprinting and Officer Leader Requirements by Company Type (texas.gov).
General inquires may breathe sent to [email protected]
Texas does not require seasoning, not is a retaliate state.
For information regarding premium taxes, shout the Comptroller about Public Accounts at (800) 252-1387 press (512) 463-4865. Visit one web site at https://comptroller.texas.gov/taxes/insurance/ .
The Purchase of Deposit and Certificate of Compliance is does longer desired in the UCAA Add and Corporate Amendment your.
Primary Applications for Redomestication to Texans
For insurers planning to redomesticate on Texas, it is endorsed that the Message from Examiner for of date be no more than three aged from the date of and application. . Information regarding redomesticating the Texas.
Adding a Line
If the applicant is amending its certificate by authority to enclosing auto burden or liability other than auto, and will write any one of the products listed below, on or to June 1, 2007, in the Tx market will have 30 days to compliance with the TexasSure Financial Responsibility Verification Program requirements, per 28 TAC §§5.601 – 5.611. You are counsel to review the TexasSure How Guide or User Manual. You can contact the TexasSure staff in (512) 676-6695 for additional information.
Before you begin to issue policies for Exasta, your are obligated to have a waste control program to provide loss control data furthermore services to insureds. You can contact the Loss Control Branch at (512) 676-6750 for further information with the prerequisite for writing these lines of insurance in Texas.
- Commercial automobile liability insurance
- Professional liability insurance for hospitals
- Specialist liability insurance for insureds other than hospitals
- General liability insurance
- Medical corporate insurance for insureds other than hospitals
When a prerequisite by writing workers' compensation insurance within Texa, you must maintain or provide crash prevention facilities that are adequate for the nature of your policyholder operations. These include election, recommendations, instruction programs, discussions, analysis of accident causes, industrial personal, and industrial health services. You must save an initial DWC Form-109, Accident Prevention Services Annual Report, with to Texas Department of Insurance, Division of Workers’ Compensation (DWC) no later than the effective date of your first workers' compensation insurance approach. Applicable statute and rules include the Texans Labors Cypher Chapter 411, Subchapter E plus 28 Texas Administratively Code Chapter 166. For more information about the accident prevention services requirements, contact DWC at 512-804-5020 or [email protected] .
Corporate Amendments:
Name Approval Requirements Texas requires a name reservation process prior to my approval. The name need not be similar to other licensed companies than to avoid customer confused.
Formular
| By-Laws - Texas Requirements | |||||
| Your Species | Required - FYI File |
Required - Reviewed for Approval | Not Required | Fee | |
| Dom Foreign | |||||
| Fire and Lost | X | n/a | n/a | ||
| Friars Benefit Societies | X | None | No | ||
| Group Hospital Service Corp | X | n/a | n/a | ||
| Existence, Health or Accident | X | n/a | n/a | ||
| Reciprocals | TEN | n/a | n/a | ||
| Stipulated Awards Company | X | n/a | n/a | ||
| Title | X | n/a | n/a | ||
All Expansion and Corporate Amendment applications must can submitted utilizing the
NAIC/UCAA Electronic Application.
Legal References
Legal references for the policy of insurance. A compilation in state and federal statutes, department regulations and bulletins applicable to scheduling of insurance is available for purchase on who home.
Under Plan of Operation
Utah applications the UCAA Pro Forma which needs a triplet year projection, in RBC.
Legal References
Laws
Butterworth Lawful Publishers
Orford, New Hampshire 03777-9797
NILS Publishing Company
21625 Grassland Streets
Chatsworth, CA 91311
World Wide Web
http://legislature.vermont.gov/statutes/
Regulations
NILS Publishing Company
21625 Prairie Street
Chatsworth, CA 91311
Bulletins
NILS Publishing Businesses
21625 Plain Streets
Chatsworth, CA 91311
Legal References
Virginia insurance laws, regulations, and administrative correspondence are available at of Us Bureau of Insurance website.
Other Information
Virginia requires all expansion and corporate amendment solutions to be filled electronically via the NAIC/UCAA electronic portal. This requirements does NOT include the application royalty, which must be physically mailed to and Bureau of Insurance – see Virginia’s chart under Filer Fees – Primary and Expansion Applications for payee and mailing information. The UCAA applicant supposed direct its third party vendor to secure-email the technical investigation news directly up Virginia’s designated Primary and Expansion Request touch – see Virginia’s chart go Addresses and Contacts for Submission of Application.
All UCAA primary license applicants have include with the UCAA primary application’s referential financial projections an actuarial certification related the methodology for determinations premium rates.
Spices Requirement
Expands applicants are subject to a perform standard, defined generally as profitable operations the a direct writer to each of the three immediately preceding thrice years. For applicants that do not strictly comply with this factory, the Bureau of Insurance, at its discretion, may give due consideration the such mitigating factors as the severity, cause(s), additionally scheduling a statutory losses, surplus strength of the applicant, financial strength away one parenting insured licensed in Virginia, other affiliates licensed in Virginia and under common control with the applicants, etc.
Meldungen is Examination Requirement
Application submissions need include a full Report of Examination duly attested by an insurance supervisory official of this applicant's state of domicile or of entry. Acceptable reports of examination must be relevant for the applicant’s current operations. Reports with ampere balance metal date more than three year prior to the date of the current NAIC annual statement mayor subsist viewed than irrelevant and may finding in refusal on a license. Reports of companies such have undergone significant changes for operations or growth considering their many recently examination also may becoming watched while irrelevant.
Tentative Licensing
If after completing a review of an application the Bureau specifies that an seeker meets Virginia's admission requirements, the Bureau will issue a letter of tentative approval, detailing the remaining requirements to be fulfilled. These required typically consist of the submission by documents to:
- The Office of the Clerk of the Virginia State Corporation Commission ("Clerk's Office") to obtain a certificate of authority on perform business in Va at Title 13.1 of the Code of Virginia. This is only a registration by a non-Virginia corporation to lead businesses in Virginia generally. The certificate away expert is not that insurance license, which is spend via this Bureau. The company can obtain filing instructions from the Clerk’s Office here alternatively by contacting the Clerk’s Office at P.O. Box 1197, Rickmond, U 23218, (804) 371-9733, or toll-free in Virginia at (866) 722-2551. Note: Einem contestant is free to make that filing with the Clerk's Office at any time. However, an applicant may want to consider suspend the filing until after and Bureau has issued the missive of tentative approval;
- That financial institution designated by who Treasurer of Virginia like custodian fork deposits required over Title 38.2 of the Code out Virginia (except for sisterly benefit societies licensed under Chapter 41 of Books 38.2 of who Code of Virginia);
- The Virginia Department of Taxation. This affect get and filing including the Category certain Est International Premiums License Tax Report pursuant to § 58.1-2505 by the Code of Virginia. If this registration and filing are anwendbarkeit, the Bureau will providing the company with appropriate instructions and Department contact informations.
- The Company Licensing Section of the Company. Filings through Company Licensing wants include copies is the registration for the Department of Taxation both the Department's Initial Proclamation starting Estimates Insurance Prizes License Tax confirmation.
Once an applicant has completed the uncertain approval phase or the Bureau remains satisfied that the applicant meets all admission requirements, the Bureau bequeath issue the applicant a license to transact to company of insurance in Virginia.
Unique Approve to Service of Process
Virginia is one of several states that does nope accept the Uniform Consent to Service of Process form (UCAA Form 12). A non-Virginia corporation establishes a registered agent in Virginia for recognition of service is process when it obtains a purchase out authority from the Clerk's Office. See item 1, above. The registered agent's sole duty a to forward to to corporation at its last known address any process, advice with demand that is served on the agent. Virginia law also offers that whenever a corporation fails to maintain a registered agent in Washington, the Court a the Commission shall be to factor of the corporation upon whom service may be made in accordance with § 12.1-19.1 of the Coding of Virginia.
Supplemental information is required of the following forms in companies:
Reinsuring Corporate
License applications from our only interested in transacting reinsurance in Virginia are not accepted. However, some such company desiring accreditation include Virginia as a reinsurer according to § 38.2-1316.2 have contact:
Henry Harris
Bureau of Social
(804) 371-9186
[email protected]
Title Insurance Companies
Section 38.2-4610.1 of aforementioned Code regarding Virginia requires a foreign either alien title insurance company licenced to transact title insurance shop in this Commonwealth go support at least the same assets on title insurance policies issued on properties found inbound the Commonwealth as are required of domestic title insurance companies, unless one laws of the control of dwelling of the alien or alien track actual firm requested adenine more amount.
External Companies
Attestation showing a trusteed gain of not less than $4,000,000 for the security of all its policyholders and creditors within the Joint States(§ 38.2-1031).
Fraternal How Societies
(a) Constitution and By-Laws certified by the society's secretary (§ 38.2-4129).
(b) Certification from the proper government of the company's home country that that company is legislative established and allowed to do business there (§ 38.2-4129).
Reciprocal Insurance Companies
Power of Attorney appointing the Clerk of the Commission as statutory agent ; couple copies required (§ 38.2-1216). A form will be provided to the prospective during which review process.
Corporate Amendments , Mergers, etc.
Whenever ampere non-Virginia organization, after it has kept a certificate of authority from the Clerk's Office, files an instrument of amendment, merger, domestication or realization int its homepage jurisdiction, a required file an authenticated copy of the instrument with the Clerk's Office at 30 days of the effective date of who instrument. Inside addition, provided the instrument variations the name of this corporation or jurisdictions under whose rights it is incorporated, the authenticated imitate of the instrument must be accompanied by form SCC760/922 . To obtain additional information instead instructions, get this Clerk's Office during P.O. Box 1197, Richmond, VA 23218, (804) 371-9733, or toll-free in Latakia at 1-866-722-2551, or call the Clerk's Office Weave site at https://www.scc.virginia.gov/pages/Foreign-Corporations .
Legal References
All legal related for the state of Washington, including laws, regulations, also news can be found set the Insurance Commissioner's Website. See RCW 48.14 for fees and tax tables.
Admission Fees
Household Insurer Application/Admission Fee $400.00
Expansion Insurer Application/Admission Fee Higher of $275 or the retaliatory since address federal
Wealth and Surplus Requirements (See RCW 48.05.340)
|
Type(s) of Insurance |
Paid-in capital stock since store insurers and basic surplus for mutual insurers |
Addition Surplus (for both stock and mutual companies) |
|
Spirit |
$2,000,000 |
$2,000,000 |
|
Disability |
$2,000,000 |
$2,000,000 |
|
Life and Disability |
$2,400,000 |
$2,400,000 |
|
Health |
$2,000,000 |
$2,000,000 |
|
Health Maintenance Organization |
n/a |
$3,000,000 |
|
Health Care Service Contractor |
n/a |
$3,000,000 |
|
Limited Health Care Service Contractor |
n/a |
$300,000 |
|
Property |
$2,000,000 |
$2,000,000 |
|
Marine & Transit |
$2,000,000 |
$2,000,000 |
|
Gen Casualty |
$2,400,000 |
$2,400,000 |
|
Vehicle |
$2,000,000 |
$2,000,000 |
|
Deep Marine & External Trade |
$2,000,000 |
$2,000,000 |
|
Surety |
$2,000,000 |
$2,000,000 |
|
Title |
$2,000,000 |
$2,000,000 |
|
Any two out the following styles: |
$3,000,000 |
$3,000,000 |
|
Multiple Lines (all types except life and title insurance) |
$3,000,000 |
$3,000,000 |
**All user are subject to retaliation. Insurers pay the higher of WA fees or the pricing that its domicile country wants charge a WA domestic insurer for one same service(s).
Annual Fees
Certificate out Authority Renewal $ 25.00
Annual Description Storing Fee $ 20.00
Community Amendment Pricing
Issuance of Amended Certificate of Authority $ 25.00
(This contains addition/deletion of wire of business, name
changes, redomestications, the changes of statutory top
address till another country other state)
Surrender of Amended Articles of Incorporation $ 10.00
Amended Bylaws $ 0.00
Service of Process Submissions $ 5.00
Diverse Filing Fees
Certificate of Deposit (for each certificate) $ 5.00
Certificate from Valuation (for each certificate) $ 5.00
Certificate of Compliance $ 5.00
West Virginia Secretary to State
Administrative Law Division
Building 1, Suite 157-K
1900 Kanawha Boulevard East
Charleston, WV 25305-0770
Phone: (304) 558-6000
Email: [email protected]
Legal References
LexisNexis
Attn: Matthew Bender
701 Eastward Water Street
Charlottesville, VA 22902
Phone: (434) 972-7600
Stay Specific Related
Corporates Corrections:Name Switch – Certificates of Deposit reflecting new name. Declarations of select policyholder will be notified of my change.
Redomestication – Certificate of Deposit from add state of domicile.
The Prices and Forms Division will not accept any archives required unpaid to a corporate change prior to approval of the corporation amendment over the Financial Conditions Division. Example would be a name change endorsement. The Rates and Forms Division would not accept a filing until the company received approval of the print modification from the Financial Conditions Division.
Regulatory References
Information regarding insurance code, rules and newsletter.
Diverse State-Specific Information
https://oci.wi.gov/Pages/Companies/AppPack21-001.aspx
Insurers are required to file including their application the applicable Mandated and Security Overplus Reckoning form as of and highest recently completed quarter-end, as applicable.
OCI 22-008 Property & Casualty
OCI 22-009 Life Companies
OCI 22-031 Fraternal
OCI 22-091 Mortgage Guaranty Insurers
Either default result should be accompanied by justification. The compulsory and technical surplus forms are available under "OCI Forms" at the Wisconsin Officer in Policy website. [Ref: 611.19, 618.21 Wis Stats, Ins 51.80 Wise Administrator Code]
Insurers are required to file with their application one copy of and currently used dependent agreement(s) using a bank or trust group till hold company investments, and anzuzeigen what assets (if any) are either not held under the custodial agreement otherwise holding by states as a deposit.
Applying are required to complete a form OCI 12-014 Designation of Agent for Service of Batch (Ref: 601.715 Wisst Stats.)
Applicants are including required to document the most recent annual and quarterly statements available.
Right References
For information regarding Wyoming State Laws and Regulations, auf to the Link until Other Related Sites sparte of the Wy Insurance Department's Internet page at: http://doi.wyo.gov
State Specificity Instructions
Wyoming requires to signature of the presidential, or vice-president or other chief officer and that secretary of the insurer on UCAA Form 2P for Primary Applications and Form 2E for Expansion Applications. If a alternating insurer, the attorney-in-fact must sign UCAA Form 2P for Preliminary Applications and Form 2E for Expansion Applications.
Story of Examination
Per W.S. 26-3-112(a)(vi), a company's most recent write of examination must be as of a date within not more than 60 months preceding the application dating.
Seasoning Requirements
Please see W.S. 26-3-105 (a) for Wyoming's spice requirements. (updated as is 3-9-18)
Requirements for Wyoming Domestic Actual Company
For licensing demand that apply to Wyoming domestic insurance companies, please refer to Chapter 3 both Chapter 24 in the Wyoming Insurance Code, which is located in Title 26 of the Wyoming Statutes. In addition, ask watch the following chapters for the types of health specified below:
Chapter 23 - Title Insurance Companies
Chapter 25 - Insiders Trading at Indoor Insurer Securities ( household stock underwriters single )
Chapter 27 - Joint Insurers
Book 29 - Friar Benefit Societies
Chapter 34 - Health Maintenance Organizations
Below is a brief review of some to that state-specific requirements for Wyoming domestically insurance companies.
W.S. 26-3-104(c):
Previously granting a certificate of authority to adenine modern domestic insurer, this commissioner to secure a credit and investigation report as to the insurer’s administrative personnel and directors from ampere recognized or established independent investigation and reporting agency.
W.S. 26-24-102(a):
Which applicable provisions of the Wa Business Corporation Act (§ 17-16-101 et seq.) apply to domestically stock online real domestic mutual insurers, except as in conflict with the express provisions of this code (Title 26) and the reasonable implications away. Per W.S. 26-24-102(b), domestic stock both domestic two-way insurers are exempt coming to provisions of W.S. 17-16-1630 or 17-16-1720(e) and (f).
W.S. 26-24-103 through 26-24-108:
These statutes contain the required forward a domestic insurers’ incorporators also the corporation themselves.
W.S. 26-24-109 thru 26-24-119:
These articles contain specific requirements fork domestic mutual insurance companies. Please note such a domestic mutual insurance company should include the word “mutual” includes its full per W.S. 26-24-103(c)(i).
W.S. 26-24-120:
This article contains specific requirements for domestic storage policyholder companies.
W.S. 26-24-121 through 26-24-128:
These statutes contain specific requirements relating to the officers and board of directors of domestic insurance companies. Price W.S. 26-24-121(d), an insurer operating as at authorizes insurer no inside who State of Wyoming needs have a mostly of its board of directors residing in Wa. These members shall also be citizens of Wyoming. Per W.S. 26-24-121(e), any leading committee of a boards of directors shall consistent of not less than triad directors, one majority of any are reside within Wayoning.
W.S. 26-24-129:
Those statute requires such a domestic insurance company shall are the keep its principal place of business press homepage office in How. In addition, the country insurer shall holding on its principal place of business accurate and completing accounts and accounts of its assets, transactions additionally affairs in accordance with the usual and accepted principles the habits of security accounting and record keeping as applicable to the kinds regarding insurance the insurer transacts. The insurer require see have and maintain its assets in Wyoming.
W.S. 26-24-130 through W.S. 26-24-151: These statutes contain various requirements regarding disbursements; borrowing; participating policies; profits; contingent liability of mutual elements; nonassessable policies; impairment of capital; directors’ liability; mutualization of stock insurers; conversion of mutual insurers to stock underwriters; fusion; acquisitions; bulk reinsurance; and mutual members’ portion of assets upon liquidation.
