Accredited Reinsurers

Accredited Reinsurers

Accredited reinsurers must meet and maintain compliance with the guidelines for registration under North Carolina General Statute 58-7-21(b)(2).

Filing a Registration Application

All companies requesting registration as an accredited reinsurer must:

  • Submit the Application for Accredited Reinsurer.
  • Maintain capital and surplus of $20,000,000 or higher.
  • Submit a copy of its Certificate of Authority from its state of domicile.
  • Submit a copy its two most recent annual statements.
  • Submit a certified copy of its latest Report on Examination.
  • Submit its CPA report for the most recent year.
  • Submit actuarial certification of loss reserves and loss adjustment expenses for the most recent year.
  • Submit a nonrefundable filing fee. (Schedule of Fees)

Renewal Application

Every accredited reinsurer that is registered in North Carolina must submit a renewal application and pay a nonrefundable renewal fee by March 1 each year in order to retain registration.

Reference Materials

Accredited Reinsurers