CID: HOW TO APPLY FOR OR AMEND A CERTIFICATE OF AUTHORITY

HOW TO APPLY FOR OR AMEND A CERTIFICATE OF AUTHORITY


Uniform Certificate of Authority Application (UCAA)
 
Domestic Admission/Redomestication
Prior to filing the UCAA Primary Application, the applicant must provide the Connecticut Insurance Department with a non-objection letter from its current state of domicile. Connecticut Specific Requirements for UCAA
 
Primary Application
  • Only Hard Copy Filings are accepted
    Currently the Connecticut Insurance Department does not accept paperless filings.
  • Current examination report
    The examination report “as of date” must not be more than five years prior to the date of application.
  • Location of Records
    Applicants must comply with Connecticut General Statute section 38a-57 and maintain, within onnecticut, such records as the commissioner may require and such portion of its assets as the commissioner may deem necessary for the purpose of adequately protecting the insured.
  • Custodial Agreements
    Custodial Agreements must be incompliance with Financial Statement Bulletin FS-2.
 
Foreign Admission
      Connecticut Specific Requirements for UCAA Expansion Application
  • Only Hard Copy Filings are accepted
    Currently the Connecticut Insurance Department does not accept paperless filings.
  • Seasoning requirement
    Three years of active operation for applicant, proving itself a good going concern. Requirement may be waived if the applicant is a wholly-owned subsidiary of a currently admitted company.
  • Current examination report
    The examination report “as of date” must not be more than five years prior to the date of application.
  • Biographical Affidavits
    The NAIC biographical data must be completed for all officers and directors appearing on the jurat page of the most recent financial statement or quarterly report. This information may be submitted in original form and be signed within the previous twelve month period before the application date. The Connecticut Insurance Department will also accept a photocopy of the signed, notarized form.
  • Background Investigative reports
    Biographical Affidavits must be verified by an independent third party. See the NAIC UCAA Manual for more information.
  • Uniform Consent to Service of Process
    An original Service of Process form is required; the form is available on this page.


NAIC Information
The National Association of Insurance Commissioners (NAIC) provides additional information about the Uniform Certificate of Authority Application (UCAA).

License amendment applications

Foreign admitted companies may make the following changes to their certificates of authority by utilizing the NAIC's UCAA corporate amendment package:
  • Company Name Change
  • Company Redomestication
  • Add/delete a line of business on existing Certificate of Authority
  • Merger of two licensed foreign insurers
  • Change of control
Consent to Service of Process
For changes in service of process information, complete the Uniform Consent to Service of Process form available on this page and forward to our Financial Regulation Bureau.
 
Retaliatory Statement (PDF) - schedule of fees, taxes, and deposits

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Content Last Modified on 11/22/2010 12:00:10 PM