How To Apply As An Accredited Reinsurer

Requirements to become an accredited reinsurer in Massachusetts are specified in MGL Chapter 175 § 20A and 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:
 

1. A properly executed Form AR - 1 
2. A certified copy of the Company's Certificate of Authority in its state of domicile
3. A CPA Audit Report for the most recent year
4. A copy of the Company's most recent annual statement (as filed with the insurance department in its state of domicile)
5. A listing of the Massachusetts domestic insurance companies that will be ceding business to the company
6. A check, payable to the Commonwealth of Massachusetts, Division of Insurance for the following nonrefundable fee:
   
   Application Examination Fee $1,000.00