Requirements to become an accredited reinsurer in Massachusetts are specified in MGL Chapter 175 § 20Aand
211 CMR 130.06
.
The following documents are required to be submitted by a foreign insurance company applying to become an accredited reinsurer in Massachusetts:
The following documents are required to be submitted by a foreign insurance company applying to become an accredited reinsurer in Massachusetts:
- A properly executed
Form AR - 1
- A certified copy of the Company's Certificate of Authority in its state of domicile
- A CPA Audit Report for the most recent year
- A copy of the Company's most recent annual statement (as filed with the insurance department in its state of domicile)
- A listing of the Massachusetts domestic insurance companies that will be ceding business to the company
- A check, payable to the Commonwealth of Massachusetts, Division of Insurance for the following nonrefundable fee:
Application Examination Fee $1,000.00
| Commonwealth of Massachusetts Division of Insurance Company Licensing Section 1000 Washington St, Suite 810 Boston, MA 02118-6200 |
