ARS § 20-261, 20-3601, 20-3602, 20-3603, 20-3604 and 20-3605 set forth requirements for reinsuring risks and for being able to reflect reinsurance as an asset or a reduction of liability.
A domestic insurer that intends to be a party to reinsurance (either ceding or assuming risk) must file the reinsurance agreement with the Department of Insurance and Financial Institutions and receive the Department's written approval prior to executing a reinsurance agreement except for:
- Reinsurance of ocean marine or marine protection and indemnity risks;
- Assumption reinsurance contracts for an assuming insurer that has fulfilled Arizona's most recent requirement to file a financial statement with the Department, and the financial statement shows the assuming insurer has a policyholder surplus of at least $50 million.
|Form Reinsurer E-RJ-C Application Checklist|
|Form E-RJ-1 Reinsurer Certificate of Reins Dom In Recip Juris|
|Form E-CR-INFO: Certified Reinsurer Information|
|Form E-AR-1: Certificate of Assuming Insurer|
|Form E-CR-1: Certificate of Certified Reinsurer|
|Form E-CR-C: Uniform Application Checklist for Certified Reinsurers|
|Form E-CR-S Instructions|
|Form E-CR-F Instructions|
|Form E-CR-I: Certified Reinsurer Instructions|
|Form E-RE-I: Reinsurer Initial Instructions|
|Credit for Reinsurance - Unofficial Rule||
The official version of this rule will be published by the Arizona Secretary of State. The Notice of Final Exempt Rulemaking concerning this rule has been published in the Arizona Administrative Register, accessible at http://apps.azsos.gov/public_services/register/2015/43/contents.pdf.