Free Trade Zone License Application/Renewal

An authorized insurer may obtain a special risk license pursuant to Article 63 of the Insurance Law to write in the "Free Trade Zone". In order to be licensed to write in the "Free Trade Zone", the insurer must be in compliance with the requirements specified in Article 63 of the Insurance Law and Regulation 86.

To obtain a special risk license, the authorized insurer must complete and notarize the "application for license under Article 63 of the Insurance law" (Application).

A copy of the notarized application must be scanned and submitted to the Department through the Insurance Company and Fraternal Benefit Society Filings portal. Electronic signatures and electronic notarizations cannot be accepted at this time.

The special risk license is valid from September 1st to August 31st each year.

A Renewal Application must be submitted by the authorized insurer to DFS before July 31st each year in order to renew the special risk license.

The Application is available in PDF and MS Word format to download.

The Application must be submitted electronically through the Insurance Company and Fraternal Benefit Society Filings portal.  For instructions on accessing the portal please see the following link:

Insurance Company and Fraternal Benefit Society Filings | Department of Financial Services

A cover letter addressed to Gilbert Denton including the company name and identifying the payment as the Special Risk/Free Trade Zone Initial/Renewed License Application Fee along with a check or money order made out to the "Superintendent of Financial Services" in the amount of $2,000 must be mailed to:

Gilbert Denton
New York State Department of Financial Services
Property Bureau - 4th Floor
1 State Street
New York, New York 10004