Risk Retention Groups Notification and Registration
This checklist contains items that must be submitted in order to complete the notice and registration requirements of an RRG intending to do business in New York.
- Completed NAIC
RRG uniform registration form, Part A, adopted June 1991 by the NAIC
- Completed NAIC
RRG uniform registration form, Part B, adopted June 1991 by the NAIC
- Completed and properly executed NY
Corporate Affairs forms 601, 602 & 603
plan of operation or feasibility study
- The latest annual statement
- Copy of the license / certificate of authority
from state/district of domicile
- The organizational examination
report done by the state/district of domicile when available
The policy form that will be used in New York
- Description of
the reinsurance program in place
- Copy of the letter of credit (LOC)
The completed forms and items on this checklist should be submitted to the Department via e-mail as an attachment addressed to Nancy.Yee@dfs.ny.gov.
As an alternative, you may save the completed forms and required checklist
items on a blank CD-R and mail it in a CD mailer to the following address:
Ms. Nancy Yee, Supervising Insurance Examiner
New York State Department of Financial Services
Property Bureau - Excess Line Unit
One State Street, 6th Floor.
New York, NY 10004
Any questions regarding the completion requirements may
be directed to:
Mr. Richard Yuen
Associate Insurance Examiner
Phone: (212) 480-5457
The applicant RRG should not conduct or transact business in this state until it has been notified that its registration is complete.
of an excess line transaction, a non-domiciled Risk Retention Group (RRG) cannot
be used as a declining authorized insurer as detailed
in sec 2118(b). Furthermore a RRG is not an eligible excess line insurer.