If you are seeking to become an accredited or trusteed reinsurer or "passport" as a certified or reciprocal reinsurer, here are the instructions for both the initial application and renewal of the reinsurer status in Iowa.
Reinsurers
Accredited reinsurers
Accredited assuming insurers are authorized to sell insurance in their state of domicile but not in Iowa.
Listing of Accredited and Trusteed Reinsurers
How to become an accredited reinsurer
Fill out these two forms and email them to accredited.reinsurer@iid.iowa.gov.
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 accredited.reinsurer@iid.iowa.gov.
- File a copy of the annual audited financial statement on or before June 1 via email to accredited.reinsurer@iid.iowa.gov.
- The reinsurer must also maintain a minimum surplus of $20,000,000.
Relevant chapter and administrative code
Trusteed reinsurers
Trusteed reinsurers are insurance companies that are typically domiciled outside of the U.S. and are registered - but not licensed - to sell insurance in Iowa.
How to become a trusteed reinsurer
Fill out the Application checklist and email it to accredited.reinsurer@iid.iowa.gov.
File an annual financial statement and trust information on or before February 28 and email it to accredited.reinsurer@iid.iowa.gov.
The examination fee for a new trusteed reinsurer is $2,000 payable by check to the Iowa Insurance Division. Please remit payment by mail with the heading "Accredited Insurer." There is no filing fee for the renewal of a trusteed reinsurer.
Relevant chapter and administrative code
Certified reinsurers
IID allows credit for reinsurance ceded by a domestic insurer to an assuming insurer that has been certified as a reinsurer in Iowa at all times for which statutory financial statement credit for reinsurance is claimed. The credit allowed is based upon the security held by or on behalf of the ceding insurer in accordance with a rating assigned to the certified reinsurer by IID.
How to become a certified reinsurer
For reinsurers with an application that has been approved by a U.S. lead state and reviewed by the NAIC Reinsurance Financial Analysis (E) Working Group (ReFAWG) that is seeking certified reinsurer status in Iowa. Annual renewals are due on or before November 1st of each year.
Fill out the two forms below along with the applicable CR-F or CR-S form and email them to reinsurer.filings@iid.iowa.gov.
- Uniform Application Checklist for Certified Reinsurer
- CR-1 Certificate of Certified Reinsurer
- CR-F Reinsurance - Property/Casualty Business
- NAIC Instructions for CR-F
- CR-S Reinsurance - Life Insurance, Annuities, Deposit Funds and Other Liabilities, and Accident and Health Insurance
- NAIC Instructions for CR-S
The examination fee for a new certified reinsurer is $2,000 payable by check to the Iowa Insurance Division. Please remit payment by mail with the heading "Iowa Certified Reinsurer." There is no filing fee for the renewal of a certified reinsurer.
The reinsurer will be notified in writing after reviewing the application if approved/denied. Included in such notice shall be the rating assigned to the certified reinsurer.
If the applicant intends to apply for full certification in Iowa please email the Division at reinsurer.filings@iid.iowa.gov before submitting the application. Please include the subject line "Certified Reinsurer request for full certification."
Relevant chapter and administrative rule
Pending applications for public comment
Pending applications are posted for 30 days before IID takes final action on the application. (Iowa Administrative rule 191-5.33(7)"b"(1)). Send comments or questions to reinsurer.filings@iid.iowa.gov. In the subject line, write "Certified Reinsurer Application."
None pending at this time.
List of Approved Certified Reinsurers
| Name | Rating | Effective Date |
| Arch Reinsurance Ltd. | Secure-3 | May 6, 2016 |
| Athene Life Re Ltd. | Secure-3 | January 1, 2022 |
| Chubb European Group SE | Secure-2 | January 1, 2021 |
| Endurance Specialty Insurance Ltd. | Secure-3 | December 12, 2016 |
| Fidelis Insurance Bermuda Limited | Secure-4 | January 1, 2022 |
| Fidelis Underwriting Limited | Secure-4 | January 1, 2022 |
| Global Atlantic Re Limited | Secure-2 | September 14, 2022 |
| Hannover Life Reassurance Company of America (Bermuda) Ltd. | Secure-3 | June 13, 2017 |
| Hannover Rück SE | Secure-3 | January 24, 2022 |
| Hiscox Insurance Company (Bermuda) Ltd. | Secure-2 | May 9, 2018 |
| MS Amlin AG | Secure-2 | August 22, 2018 |
| New Reinsurance Company Ltd. | Secure-4 | November 13, 2018 |
| Partner Reinsurance Company Limited | Secure-3 | January 8, 2019 |
| Partner Reinsurance Europe SE | Secure-4 | March 23, 2020 |
| Somers Re Ltd. | Secure-5 | February 21, 2019 |
| Somerset Reinsurance Limited | Secure-2 | January 19, 2021 |
| Swiss Reinsurance Company Ltd. | Secure-2 | March 30, 2023 |
| Wilton Reinsurance Bermuda Limited | Secure-3 | August 8, 2019 |
| XL Bermuda Ltd. | Secure-3 | March 9, 2020 |
List of Qualified Jurisdictions for Certified Reinsurers
Reciprocal jurisdiction reinsurers
A reciprocal jurisdiction reinsurer is licensed by another jurisdiction and maintains its principal office or is domiciled in that other jurisdiction.
How to become a reciprocal jurisdiction reinsurer
For reinsurers with an application that has been approved by a U.S. lead state and reviewed by the NAIC Reinsurance Financial Analysis (E) Working Group (ReFAWG) that is seeking reciprocal jurisdiction reinsurer status in Iowa. Annual renewals are due on or before November 1st of each year.
Fill out these two forms and email them to reinsurer.filings@iid.iowa.gov.
- Uniform Checklist for Reciprocal Jurisdiction Reinsurers
- RJ-1, Certificate of Reinsurer Domiciled in Reciprocal Jurisdiction
The examination fee for a new reciprocal jurisdiction reinsurer is $2,000 payable by check to the Iowa Insurance Division. Please remit payment by mail with the heading "Reciprocal Jurisdiction Reinsurer." There is no filing fee for the renewal of a reciprocal jurisdiction reinsurer.
The reinsurer will be notified in writing after reviewing the application if approved/denied.
If the applicant intends to apply for full certification in Iowa please email the Division at reinsurer.filings@iid.iowa.gov before submitting the application. Please include the subject line "Reciprocal Jurisdiction Reinsurer request for full certification."
Filing requirements
File an annual renewal each year by November 1 via email to reinsurer.filings@iid.iowa.gov.
Relevant chapter and administrative rule
Lists of jurisdictions
Pending applications for public comment
Pending applications are posted for 30 days before IID takes final action on the application. Send comments or questions to reinsurer.filings@iid.iowa.gov. In the subject line, write "Reciprocal Reinsurer Application."
None pending at this time.
List of Reciprocal Jurisdiction Reinsurers
| Name | Effective Date |
| Arch Reinsurance Ltd. | September 6, 2022 |
| Aspen Bermuda Limited | May 5, 2022 |
| Chubb European SE | January 13, 2023 |
| Conduit Reinsurance Limited | January 1, 2023 |
| Convex Insurance UK Limited | January 1, 2022 |
| Convex Re Limited | January 1, 2022 |
| DaVinci Reinsurance Ltd. | March 30, 2022 |
| Everest Reinsurance (Bermuda) Ltd. | January 1, 2022 |
| Fidelis Insurance Bermuda Limited | September 28, 2022 |
| Fidelis Underwriting Limited | August 31, 2022 |
| Fortitude Reinsurance Company Ltd. | May 5, 2022 |
| Global Atlantic Assurance Limited | February 6, 2023 |
| Global Atlantic Re Limited | February 6, 2023 |
| Group Ark Insurance Limited | April 1, 2022 |
| Hamilton Re, Ltd. | July 28, 2022 |
| Hannover Life Reassurance Company of America (Bermuda) Ltd. | January 13, 2023 |
| Hannover Re (Ireland) DC | January 1, 2023 |
| Hannover Ruck SE | January 1, 2023 |
| Hiscox Insurance Company (Bermuda) Limited | October 25, 2022 |
| Lancashire Insurance Company Limited | August 23, 2022 |
| MS Amlin AG | January 1, 2023 |
| Munich Re | April 3, 2023 |
| New Reinsurance Company Ltd | July 8, 2022 |
| Partner Reinsurance Company Ltd. | January 1, 2023 |
| Partner Reinsurance Europe SE | August 16, 2022 |
| Renaissance Reinsurance Ltd. | March 30, 2022 |
| RenaissanceRe Europe AG | March 30, 2022 |
| RenaissanceRe Specialty U.S. Ltd. | March 30, 2022 |
| Resolution Re Ltd. | January 14, 2023 |
| Somers Re Ltd. | January 1, 2023 |
| Somerset Reinsurance Ltd. | August 9, 2022 |
| Swiss Reinsurance Company Ltd. | March 30, 2023 |
| Underwriters at Lloyd's | May 5, 2022 |
| Validus Reinsurance Ltd. | October 1, 2022 |
| Validus Reinsurance (Switzerland) Ltd. | October 1, 2022 |
| Vermeer Reinsurance Ltd | September 6, 2022 |
Questions?
Bob Koppin
Company Regulation Counsel
1963 Bell Avenue, Suite 100
Des Moines, Iowa 50315
robert.koppin@iid.iowa.gov
Other useful information on Certified and Reciprocal Jurisdictions provided by the NAIC
- ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction
- Process for Evaluating Qualified and Reciprocal Jurisdictions
- NAIC Certified and Reciprocal Jurisdiction Reinsurer