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Filing Requirements for Accepted Reinsurers

In accordance with Sections 2-112, 5-905, and 6-203 of the Insurance Article of the Annotated Code of Maryland, and Code of Maryland Regulations Nos. 31.05.08.05 and 31.05.08.24, companies renewing their eligibility as approved Accepted Reinsurers in Maryland are required to annually file with the Maryland Insurance Administration the following:

  • Application.
  • Certified copy of the most recent annual statement.
  • Certificate of Compliance from domiciliary jurisdiction.
  • Certificate of Deposit from domiciliary jurisdiction.
  • Annual filing fee of $1,000 (non-refundable) and $1,000 Fraud Fee Assessment, made payable to the Maryland Insurance Administration.*

Companies desiring to be eligible as approved Accepted Reinsurers in Maryland will file with the Maryland Insurance Administration the items listed above as well as the following:

  1. Audited financial report for the preceding calendar year prepared by an independent certified public accountant.
  2. A Certificate of Valuation issued by the applicant’s state of domicile if reinsuring a life insurer.
  3. Latest Report on Examination made of the applicant by the Insurance Regulatory Agency of the applicant’s state of domicile.
  4. An appointment of the Commissioner as agent for the acceptance of service of process.
  5. Form AR-1, Certificate of Assuming Insurer.
  6. Application fee of $1,000 (non-refundable) and $1,000 Fraud Fee Assessment, made payable to the Maryland Insurance Administration.*

*If your company is approved as an accepted reinsurer and a surplus lines insurer, total payment due is $3,000.

Minimum financial requirement is policyholders’ surplus totaling $20,000,000.

Filings and fees must be received on or before June 20 for annual renewals.

If you have any questions, contact Melissa Ham at:
Maryland Insurance Administration
Company Licensing Unit
Phone:  410-468-2110
Fax:  410-468-2112

Documents and fees should be submitted to:
Maryland Insurance Administration
Company Licensing
200 St. Paul Place, Suite 2700
Baltimore, MD  21202