Insurance Companies: Insurer Admission Application (Licensing)

Insurer Admission Application

All insurance companies other than non-profit corporations subject to Article 43 of the New York Insurance Law and Health Maintenance Organizations (HMOs) must use the NAIC Uniform Certificate of Authority Applications (UCAA).

• The Primary Application should be used by entities seeking a license as a New York domestic or insurers wishing to redomesticate to New York.
• The Expansion Application should be submitted by all other insurance companies already licensed elsewhere.

Article 43 Non-Profit Corporations must use the DFS Application requirements and instructions (PDF).

HMOs should email [email protected] for licensing packages.

Commitments and Requirements

• Untrustworthy and Change in Plan of Operations Applicant | Parent Company
• Shareholder Dividends (Property & Casualty and Accident & Health Insurers) Applicant | Parent Company
• Limitation on Writing (Accident & Health Insurers) Applicant | Parent Company
• Custodian Agreement for Deposits with the Superintendent, Domestic Insurers (Conforming with Section 1314 of NYIL)  
• Resolution Pursuant to Section 1106 of the New York Insurance Law (Foreign Insurers Only)
• Security Fund  (Company Fees, Taxes, Charges, Deposits, and Retaliatory Information)

Specific Requirements for Property and Casualty Insurers

• Requirements for Reinsurance Agreements, Letters of Credit and Pooling Arrangements
• Capital and Surplus Requirements for property and casualty companies (See Article 41 of the New York Insurance Law) 

Specific Requirements for Life Insurers

• Guidelines for the Preparation of Financial Projections (NAIC)
• Capital and Surplus Requirements (See Article 42 of the New York Insurance Law)
• Regulation 60 Requirements

Accreditation of Property Reinsurers

• Accreditation of a Foreign Stock Reinsurer
• Accreditation - Stock Property/Casualty Company - Checklist
• Stock Property/Casualty Company Financial Requirements

Submit Original Sets of Materials to both:

New York State Department of Financial Services, Office of General Counsel, Insurance Division, One Commerce Plaza, Albany, NY 12257

and

New York State Department of Financial Services, Insurance Division, Property Bureau, 20th Floor, One Commerce Plaza, Albany, NY 12257

Accreditation of Life Reinsurers

• Accreditation of a Foreign Life Reinsurer
• Life Company Accreditation Checklist

Submit original sets of materials to both:

New York State Department of Financial Services, Office of General Counsel, One Commerce Plaza, Albany, NY 12257

and

New York State Department of Financial Services, Marc Tse, Life Bureau, One State Street Plaza, New York, NY 10004

Questions

Questions about New York licensing of insurers can be directed as follows:

• Property/Casualty insurance companies: [email protected]
• Life insurance companies: [email protected]
• Health insurance companies: [email protected]
• Article 43 Non-Profit Corporations: Call Jo Lo Hsia at (212) 480-3345 or email to [email protected].