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Reinsurance credit is permitted under the provisions of N.D.C.C. §§ 26.1-31.2-01 (5), when the assuming insurer is certified as a reinsurer in North Dakota. N.D. Admin. Code § 45-03-07.1-04.1 also contains requirements for certification.
An insurer seeking to be registered in North Dakota as a certified reinsurer through the passporting process must submit a complete application consisting of a request letter and the following information:

  • Verification of Certification issued by an National Association of Insurance Commissioners Accredited Jurisdiction. The applicant must provide a copy of the approval letter or other documentation provided by the NAIC accredited jurisdiction. At a minimum, this letter must confirm the following items:
    • Name of state(s) that the applicant is currently certified in
    • The rating and collateral percentage assigned  to the applicant
    • The effective and expiration dates of the applicant’s  certification
    • The lines of business to which the certification is applicable
    • The applicant’s commitment to comply with all requirements to maintain certification
  • Mechanisms used to secure obligations incurred as a Certified Reinsurer:
    • The applicant must specify the mechanisms it will use to secure obligations incurred as a Certified Reinsurer. If the applicant intends to utilize a multi-beneficiary trust for this purpose, it must submit the form of the trust that will be used to secure obligations incurred as a certified reinsurer and the form of the trust that will be used to secure obligations incurred outside of the applicant’s certified reinsurer status, i.e., the applicant’s 100 percent collateralized trust (if applicable).
  • Certificate of Certified Reinsurer (Form CR-1) must be completed and signed by the applicant.

Once the passporting application is deemed complete, a notice will be posted on the Department’s website for public comment for a 30 day period. After the 30 day period has expired, the Insurance Department will review any comments received and, if appropriate, issue an approval letter if the application is approved. An application may be filed at any time throughout the year.

All applications should be directed to:

Company Licensing
North Dakota Insurance Department
600 E Boulevard Ave, Dept 401
Bismarck, ND 58503-0320
If the applicant intends to apply for full certification in North Dakota please contact:

Matt Fischer, CFE
Financial Analyst
(701) 328-9617
Qualified Jurisdictions as of August 24, 2015

United Kingdom

Certified Reinsurers

Federal/Alien ID Certified Reinsurer Name Qualified Jurisdiction  Effective Date Financial Strength Rating
AA-3194168 Aspen Bermuda Limited Bermuda 1.1.2016 Secure - 3
AA-1340125 Hannover Ruck SE Germany 4.29.2016 Secure - 2
AA-3194130 Endurance Specialty Insurance, Ltd. Bermuda 7.1.2016 Secure - 3
AA-3194126 Arch Reinsurance, Ltd. Bermuda 8.5.2016 Secure - 3
AA-3191274 Equator Reinsurances Limited Bermuda 9.12.2016 Secure - 3

Certified reinsurers whose rating was downgraded or status was revoked, or that withdrew during the past year:

  • None

Applicants seeking certified reinsurer status:

Federal/Alien ID Applicant Name Qualified Jurisdiction Application Date Notice Date Comment Deadline

All interested persons are invited to submit written comments in connection with the proposed applications within 30 days following publication of this notice to:
Edward Moody, CFE, CPA
Director of Insurance Company Licensing and Examinations
600 E Boulevard Ave, Dept 401
Bismarck, ND 58503-0320

North Dakota Insurance Department
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
Phone 701.328.2440
Toll free 800.247.0560
Fax 701.328.4880

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