Filing Requirements for Risk Retention Groups

In accordance with Section 25-103 of Insurance Article of the Annotated Code of Maryland, and Code of Maryland Regulations, a Risk Retention Group making their initial filing with the Maryland Insurance Administration is required to file with the Maryland Insurance Administration the following:

  1. Risk Retention Group Application, including Part B.
  2. Copy of the most recent annual statement that was submitted to the state in which the risk retention group is chartered and licensed.
  3. Audited financial report for the preceding calendar year prepared by an independent certified public accountant.
  4. Statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or a qualified loss reserve specialist.
  5. Certificate of Compliance from domiciliary jurisdiction.
  6. Latest Report of Examination made of the applicant by the Insurance Regulatory Agency of the applicant’s state of domicile.
  7. The plan of operation or feasibility study of the Risk Retention Group.
  8. Application fee of $75 (non-refundable) made payable to Maryland Insurance Administration.

A Risk Retention Group wishing to renew its eligibility as a qualified Risk Retention Group in Maryland can now apply on-line. The authorization should be renewed between May 1 and June 30 in accordance with Section 25-103 of the Insurance Article, Annotated Code of Maryland.

The renewal process can be completed online without attaching any other paperwork. You will be required to pay the renewal fee totaling $25 using a Visa, Mastercard, or eCheck. There is no extra charge for renewing online. If you renew by credit card, the charge on your statement will be shown as "Maryland Insurance Administration".

How to Renew Your Certificate of Authority Online

You will enter your User ID and password that was previously provided to you. Each company is associated with a unique UserID/Password combination. The system will not allow you to renew more than one company using the same UserID/Password combination.

  • If you fail to complete all required fields, you will not be able to continue with your online renewal, and you will get an error message
  • Before submitting your credit card or eCheck information, be sure you review the information to ensure that it is correct
  • Please be sure to print the confirmation screen for your records. This will be your proof of renewal

If you are unable to review online, please submit the following:

  1. Renewal Application.
  2. Annual filing fee of $25 (non-refundable) made payable to Maryland Insurance Administration.

Renewal filings and fees must be received on or before June 30.

If you have any questions, contact:

Maryland Insurance Administration
Company Licensing Unit
Phone:  410-468-2104
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