Accredited assuming insurers are authorized to sell insurance in their state of domicile but not in Iowa.
How to become an accredited reinsurer
Fill out these two forms and email them to email@example.com.
The examination fee for a new accredited reinsurer is $2,000 payable by check to the Iowa Insurance Division. Please remit payment by mail with the heading "Accredited Reinsurer." There is no filing fee for the renewal of an Accredited Reinsurer.
Renewal Filing requirements
- File the NAIC annual financial statement on or before March 1.
- File a list of ceding insurers with us every quarter on or before March 1, May 15, August 15, and November 15 via email to firstname.lastname@example.org.
- File a copy of the annual audited financial statement on or before June 1 via email to email@example.com.
- The reinsurer must also maintain a minimum surplus of $20,000,000.
Affidavit of Filing and Financial Statement Attestation
Foreign companies are now required to file financial statements only with the NAIC. However, the foreign companies are required to file a jurat page in Iowa. (Note: domestics are still required to file hard copy financial statements with Iowa.)