FOR
ACCREDITED REINSURER STATUS
In submitting your request for Accredited Reinsurer Status, the following
information must accompany your company letterhead request for Accredited
Reinsurer Status signed by a ranking executive officer of the company.
1.
Company must file evidence of its submission to
Arkansas’ jurisdiction. This may be done by affidavit or AR-1.
2.
Company must submit to the Arkansas Insurance Department’s
authority to examine its books and records. This may be done by affidavit or
AR-1.
3.
Certificate of Compliance executed by the
appropriate public official of the company’s domiciliary state.
4.
Copy of the company’s last preceding annual
statement sworn to by at least two of the company’s executive officers or
certified by the public insurance supervisory official of the company’s
domiciliary state.
5.
Provide a copy of the most recent audited financial
statement.
6.
Provide a copy of the most recent examination
report.
7.
Company must have a surplus as regards to
policyholders in an amount which is not less than Twenty Million Dollars
($20,000,000.00).
8.
Provide a list semi-annually of Arkansas Domestic
Companies, which cede business to company, along with the reinsurance
intermediaries, which placed such business.
9.
Initial registration and annual renewal of $500.
*For yearly renewal of Accredited Reinsurer status, the requirement number 4 (Annual
statement filing) and number 8 must be current along with the
submission of the
annual renewal fee listed at number 9.
Submit
all of the above-required information to the attention of:
Angela Davis, Mgmt Project Analyst II
Arkansas Insurance Department
1200 West Third Street
Little Rock, AR 72201-1904
501-683-0231, fax 501-371-2747