Capital/Surplus form certified by domicile with renewal invoice & fee payment
$
1,000 Yes - State and UCAA SOP Registration filing will be "rejected" if not submitted in state required format; State routinely issues statement that the RRG is prohibited from writing busines until registration is confirmed
$
200 Annual registration renewal form with fee payment
$
Yes -state forms
State transmittal/worksheet forms required for statement filings
$
250 Yes; NAIC
$ $
100 50 Annual statement filing fee
Included in tax filing Included in tax filing
$
898
Has been reduced in each of last 2 years from original amount of $1,016
Foreign RRG State Requirements/Issues
STATE
CATEGORY
CALIFORNIA CALIFORNIA
Registration - Forms Required? Registration - Additional Requirements
CALIFORNIA CALIFORNIA CALIFORNIA
Registration - Annual Renewal Fee Other Fees/Assessments Additional/Annual Reporting
DESCRIPTION Yes; NAIC + State SOP State employs review process that can entail several rounds of inquiries; can take 1-3 years before registration is "confirmed"; CA Code Section 132 prohbits RRG from writing business on less than 60 days written notice
$
300 Annual Registration renewal form; must be signed by President and Secretary; submit with fee; can involve 1-3 rounds of inquiries before registration "renewal" is confirmed State maintains Med mal RRGs must file annual claims report and attest to compliance on annual registration renewal
VSC insurers must have min Cap/surpl of $15M and AM Best rating of B++/better $
Yes-state; UCAA SOP Provide balance sheet certified by CFO/Treasurer for new RRG
$
Yes-NAIC Producer licensing bulletin acknowledgment executed by RRG officer; State employs a review process - can take several months; other info requests have included copy of LOC, proof of capitalization, etc.
Must generate CT state page from NAIC statement each quarter State maintains RRGs are subject to med mal claim reporting requirements (10 days after quarter end)
DELAWARE DELAWARE DELAWARE DELAWARE DELAWARE DELAWARE DELAWARE DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA DISTRICT OF COLUMBIA FLORIDA FLORIDA FLORIDA
Included in tax filing Included in tax filing Must file annual statement and related documents on CD
$
250 Yes-state
$
250 Submit renewal invoice with fee payment
$
Yes-state; muliple forms Must include all state RRG registration forms and designate FL licensed agent who holds at least 1 insurer appointment in Florida or the registration filing will be returned as "rejected"; Most extensive of review processes employed by states - multiple rounds of 4-7 page lists of inquiries (average from 17 to 30 questions/requests) with very short (7 days typically) response times mandated and threats of rejection for failure to timely respond; state demands can include revision to business plan, policy forms, marketing materials and other documents already approved by domicile; submit state specific projections; requires RRGs to register with Fla. Secretary of State; routinely issues statement that no business to be conducted until application is "approved"
File jurat page electronicall in lieu of AS and Quarterly FS via Dept website Requires med mal RRGs to comply with state reporting (F.S. s. 627.912)
Must designate a FL licensed agent; must appoint and pay appointment fee via Florida Eappoint system $
NOTES
100 Yes-state State "check sheet"
Foreign RRG State Requirements/Issues
STATE
CATEGORY
GEORGIA GEORGIA GEORGIA
Registration - Annual Renewal Fee Other Fees/Assessments Additional/Annual Reporting
GEORGIA GEORGIA GEORGIA GEORGIA HAWAII HAWAII HAWAII
250 Yes-NAIC certified balance sheet; state now issuing statements that RRG is not to conduct business until the Dept confirms "completion of the registration process"
Submit "annual review form" with tax filing
$
Yes-state
See notes
$
1,000
Sec of State, not Ins. Comm'r, is designee for Service of Process
$200 -statement filing fees; 1.8% policy surcharge in addition to state prem tax of 2% + municipal tax ranges from 2-14%
State reinstated registration fee; maintains such action does not contravene NRRA v. Brown decision
Foreign RRG State Requirements/Issues
STATE
CATEGORY
LOUISIANA LOUISIANA
Registration - Forms Required? Registration - Additional Requirements
LOUISIANA LOUISIANA
Registration - Annual Renewal Fee Other Fees/Assessments
yes-state; UCAA SOP State employs a review process that can entail requests for additional information/inquiries
Varies
Annual municipal license tax; tax amount based on table of premium amounts file jurat page quarterly
$
Yes-state Certificate of Compliance-copy OK
Must make annual Fraud & Abuse Report filing this filing requirement has to Dept. website or risk registration been disputed; State Dept. "cancellation" maintains this filing requirement is not preempted by LRRA
$
75 Yes-state; UCAA SOP State employs a review process that can entail requests for additional information/inquiries and tak several months before "confirmation" is issued
$
25 Annual Statement filing fee required to "renew" registration See notes
$
In the past this state has imposed Anti-fraud fee on RRGs; at present, the state has removed the fee requirement (NRRA/others disputed)
Registration - Forms Required? Registration - Additional Requirements
MISSISSIPPI
Registration - Annual Renewal Fee
AMOUNT
DESCRIPTION
NOTES
Annual Registration renewal form with payment; include bio affidavit copies filed to domicile for new officers/directors
$
25 Yes-state; several forms required State employs a review process that typically involves at least 1 "review" letter with 4-10 inquiries//requests for additional info; will be uanble too register until name SL licensed agent
$
25 Annual statement filing fee
Must designate an agent who holds SL license in the State $
Yes-NAIC original certified C of A; MN. Desig. of Addresses; state checklist; routinely refuses to "confirm" registration until an annual financial statement and exam report are filed; has outright rejected/refused to register RRGs based on state standards of financial hazard (regardless of approval standing in domicile); routinely issues statement that the RRG is not registered until notification is issued by the Dept
Varies
$
Desk audit fees
-
generally charged every other year; amount varies most recently $510
In the past, this state assessed initial and annual renewal fees of $500; legislation removed this fee requirement (on basis of preemption by fed law) Yes-NAIC
Foreign RRG State Requirements/Issues
STATE
CATEGORY
MISSISSIPPI MISSISSIPPI
Other Fees/Assessments Additional/Annual Reporting
NEW HAMPSHIRE NEW HAMPSHIRE NEW HAMPSHIRE NEW HAMPSHIRE NEW HAMPSHIRE NEW HAMPSHIRE NEW HAMPSHIRE NEW JERSEY NEW JERSEY NEW JERSEY
NEW MEXICO NEW MEXICO
AMOUNT
$
DESCRIPTION
250 Invoiced by Dept. with $25 AS filing fee and $250 Ins. Admin Fund fee 275 $25 Annual Statement filing fee + $250 Ins. Admin Fund fee - invoiced by Dept with $250 RRG registration renewal fee
Yes-NAIC
$
105 $100 AS filing fee; $5 compliance cert fee
$
100 Yes-state Must name agent licensed in the State
$
100 Annual Statement filing fee (no fee paid if tax is paid in the State)
$
500
Maintain agent licensed in the State Yes-state Certified Articles of Inc.,; Certified Bylaws; org. chart; policy form; certif'd COA $
200
NOTES
Foreign RRG State Requirements/Issues
STATE
CATEGORY
NEW MEXICO
Additional/Annual Reporting
NEW MEXICO NEW MEXICO NEW MEXICO NEW MEXICO NEW YORK NEW YORK NEW YORK
Other Fees/Assessments Additional/Annual Reporting
NORTH CAROLINA
Claim Reporting
NORTH CAROLINA NORTH CAROLINA
Coverage/Other Issues Financial Responsibility
AMOUNT
DESCRIPTION
NOTES
Annual renewal invoice with fee payment + State contact processing form (if any changes) and original certificate of compliance
$
Yes-NAIC; State SOP State employs a review process that can entail additional requests for information/inquiries; can take several months to 1+years until "confirmation" of registration is issued
State maintains med mal RRGs must comply with claim reporting requirements
Non--domestic RRGs are not "authorized" insurers for purposes of satisfying fin responsibility requirements under NY vehicle/traffic statutory provisions $
500
Initial registration fees recently increased from $250 to $500 Yes-state
$
1,500
Annual "renewal" fee recently increased from $1,000 to $1,500 Submit state renewal form executed by President with annual renewal fee State maintains med mal RRGs must file annual prof liab claims report
Foreign RRG State Requirements/Issues
STATE
CATEGORY
NORTH CAROLINA
Sales/Distribution Requirements
NORTH DAKOTA NORTH DAKOTA NORTH DAKOTA NORTH DAKOTA NORTH DAKOTA NORTH DAKOTA
Persons/agents acting for RRGs must obtain separate "risk retention" license $
60 Yes-state
$
10 Submit state annual "renewal" form with fee payment
RRG that provides contractual liab policy for auto dealer or third party administrator min $10M cap/surpl + ratio of net prem to C&S of no greater than 3:1 $
Yes-NAIC
$
10 SOP filing fee Yes-state SOP State checklist; state employs review process that can take several weeks to several months before "confirmation" is issued
See Notes
$
In past, the State has required RRGs to pay AntiFraud fee -- the State has changed its position several times - currently N/A to RRGs
350 Yes-state feasibility study, COA & Articles of Inc. certified by domicile; State employs a review process that can take several months
RHODE ISLAND RHODE ISLAND RHODE ISLAND RHODE ISLAND RHODE ISLAND RHODE ISLAND RHODE ISLAND SOUTH CAROLINA SOUTH CAROLINA SOUTH CAROLINA
AMOUNT
DESCRIPTION
$
350
$
300
NOTES Included in tax filing
Yes-NAIC
To be deemed "approved" as insurer for health care provider under MCARE (Act 13 of 2002), RRG must meet minimum cap/surplus requirements of domestic insurer ($750k/$375k)
$
Yes-NAIC Informational Questionnaire
$
100 Submit state renewal invoice with annual fee
$
1,200 Yes-State Capital/Surplus certification form certified by domicile
$
1,200 Varies
Biennial fees; included in tax filing Municipal Association of SC license taxes nasee on premium written in each municipality (2% of premium, except Greenville-2.75%)
Foreign RRG State Requirements/Issues
STATE
CATEGORY
SOUTH CAROLINA
Additional/Annual Reporting
SOUTH CAROLINA SOUTH CAROLINA
Claim Reporting Coverage/Other Issues
SOUTH CAROLINA SOUTH CAROLINA SOUTH DAKOTA SOUTH DAKOTA SOUTH DAKOTA
SOUTH DAKOTA SOUTH DAKOTA SOUTH DAKOTA SOUTH DAKOTA SOUTH DAKOTA SOUTH DAKOTA SOUTH DAKOTA TENNESSEE TENNESSEE TENNESSEE TENNESSEE TENNESSEE TENNESSEE TENNESSEE
Registration - Annual Renewal Fee Other Fees/Assessments
TEXAS
Additional/Annual Reporting
AMOUNT
DESCRIPTION
NOTES
Annual report to Municipal Association of SC for municipal license tax payment
$
No; may file NAIC
$
Yes-state
$
250 Yes-state Certified C of A; certified feas study; 3 yr TX prems-if 10%+ state; RRGs may not solicit business in the State until registration confirmation is issued; State employs a review process - generally 2-3 months; can entail 1-3 rounds of requests for additional information/inquiries; routinely issues statement that RRG may not solicit business pending Dept issuance of registration confirmation
$
250 Varies
Included in tax filing TX Med Liab Ins Underwriting Assn (JUA) $100 Membership fee/assessment applies to all liability insurers; Auto Theft Prevention Assessment - applicable to RRGs writing auto Annual registration "renewal" form (same as initial registration form); copies of bios submitted to domicile for new officers/directors; RRG agents must submit annual premium report to Ins. Dept.
State maintains med mal RRGs subject to claims reporting under RCW Chapter 48.140 - if RRG fails to report, responsibility falls to insured
$
200 Yes-NAIC Capital/Surplus certification form certified by domicile; NAIC RRG Report Form
$
$
100 Annual statement filing fee
Included in tax filing
Yes-State SOP Must name SL agent; state employs a review process that can entail request for additional information/inquiries
OMIC v. Musser: OMIC sued the Insurance Commissioner in federal court over a law that required doctors to prove financial responsibility through insurance coverage from an admitted carrier. The district court granted summary judgment in favor of the I.C. finding that the law neither regulated or discriminated against RRGs and was proper under 3905(d) of the LRRA. OMIC appealed and the 7th Circuit upheld the district court's opinion based on propriety under 3095(d) of the LRRA. The issue of discrimination was not raised on appeal. OMIC attempted to raise this issue again in 2006 through the state ophtalmic society and via direct communications with the DOI. Ultimately the DOI did not change its position.
Foreign RRG State Requirements/Issues
STATE
CATEGORY
WISCONSIN WISCONSIN WISCONSIN WISCONSIN WISCONSIN
Other Fees/Assessments Additional/Annual Reporting Claim Reporting Coverage/Other Issues Financial Responsibility
