Insurance Company Licensing

Commitments and Requirements for Domestic and Foreign Entities

Commitments

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

Requirements for Insurers

• Custodian Agreement for Deposits with the Superintendent, Domestic Insurers (Conforming with Section 1314 of the New York Insurance Law)  
• 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