Reciprocal Jurisdiction Reinsurers
Pursuant to IC 27-6-10.1-2(F) and 760 IAC 1-56 the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that has qualified as a Reciprocal Jurisdiction Reinsurer in this state at all times for which statutory financial statement credit for reinsurance is claimed under this section.
Current List of Reciprocal Jurisdiction Reinsurers:
Initial Filing Requirements
Full Application
Reciprocal Jurisdiction Reinsurers requesting Indiana to act as its “Lead State” for NAIC Reinsurance Financial Analysis (E) Working Group (ReFAWG) and passporting purposes should file a Full Application. Complete Section I of the Checklist for Reciprocal Jurisdiction Reinsurers, Form RJ-1 and file all the necessary corresponding exhibits.
Passporting Application
Reciprocal Jurisdiction Reinsurers who have established their Lead State with a NAIC accredited jurisdiction other than Indiana, whose initial application that has been reviewed by ReFAWG, and would like their Reciprocal Jurisdiction Reinsurer status recognized in Indiana should file a Passporting Application. Complete Section II of the Checklist for Reciprocal Jurisdiction Reinsurers, Form RJ-1 and file all the necessary corresponding exhibits.
Subsequent Filing Requirements
Annual Renewal Application
Reciprocal Jurisdiction Reinsurers that filed a Full Application in Indiana should annually complete Section I of the Checklist for Reciprocal Jurisdiction Reinsurers, Form RJ-1 and file all the necessary corresponding exhibits.
Annual Passporting Application
Reciprocal Jurisdiction Reinsurers that filed a Passporting Application in Indiana should annually complete Section II of the Checklist for Reciprocal Jurisdiction Reinsurers, Form RJ-1 and file all the necessary corresponding exhibits.
Send the requested documents electronically to: fnclsvcs@idoi.in.gov and adenton@idoi.in.gov
Questions should be addressed to:
Amanda Denton
Manager of Internal Analysis