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Home > Companies > Company licensing > Admitted and authorized reinsurers
Admitted and authorized reinsurers
There is no registration required for an admitted reinsurer or an authorized reinsurer.

Please note there are no specific requirements for application or registration of assuming insurers that assume reinsurance from foreign companies who are licensed in the state of North Dakota but domiciled in another state.

Admitted reinsurer

An admitted reinsurer is any assuming insurer or nonprofit health service corporation that is licensed in North Dakota to transact insurance or reinsurance. Reinsurance credit is permitted under the provisions of N.D.C.C. § 26.1-31.2-01, subsection 1, and N.D. Admin. Code § 45-03-07.1-01, when a domestic insurer cedes reinsurance to an admitted reinsurer. Find links to the Century Code or the Administrative Code in the Communications section.

Reinsurance credit is allowed only for the cessions of a kind or class of business that the admitted reinsurer is licensed or otherwise allowed to write or assume in its state of domicile.

Admitted reinsurers are required to maintain a license in this state, but there are no specific requirements for application or registration. Notification of any corporate changes, such as a name change, address change, merger, or redomestication, should be made by following the instructions under the Certificate of Authority Amendments section of this website.

To verify that an assuming insurer or nonprofit health service corporation is licensed in North Dakota, please contact:

Yvonne Keniston
ytkeniston@nd.gov
ND Insurance Department
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
701.328.2440
701.328.4880 fax

Authorized reinsurer

An authorized reinsurer is an assuming insurer (including US branch of an alien assuming insurer) that is domiciled and licensed in (or entered through) a state which has substantially similar standards for reinsurance credit. Reinsurance credit is permitted under the provisions of N.D.C.C. § 26.1-31.2-01, subsection 3, and N.D. Admin. Code § 45-03-07.1-03 when a domestic insurer cedes reinsurance to an authorized reinsurer. Find links to the Century Code or the Administrative Code in the Communications section.

Reinsurance credit is allowed only for the cessions of a kind or class of business that the authorized reinsurer is licensed or otherwise allowed to write or assume in its state of domicile, or in the case of a US branch of an alien assuming insurer, in the state through which it is entered and licensed.

Authorized reinsurers are subject to the following requirements:
  • Must maintain surplus of at least $20,000,000 (this is not applicable to pooling arrangement participants that are members in the same holding company system).
  • Must submit a completed and signed Certificate of Assuming Insurer AR-1 (SFN 53913) to the Insurance Department with an explanatory cover letter.
A written notification of any corporate changes, such as a name change, address change, merger, or redomestication, must be sent to the Insurance Department in a timely manner. The notification should include an updated Certificate of Assuming Insurer AR-1 (SFN 53913) by an Authorized Reinsurer to reflect the change, as applicable.

All communications should be directed to:

Yvonne Keniston
ytkeniston@nd.gov
ND Insurance Department
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
701.328.2440
701.328.4880 fax




Certificate of Assuming Insurer AR-1 SFN 53913
http://www.nd.gov/eforms/Doc/sfn53913.pdf


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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