Reinsurers

• Accredited assuming insurers
• Trusteed assuming insurers
• Certified reinsurers
• Reciprocal jurisdiction reinsurers

Accredited assuming insurers

Accredited assuming insurers are authorized to sell insurance in their state of domicile but not in Texas.

How to become an accredited assuming insurer

Fill out these two forms and email them to CLRfilings@tdi.texas.gov:

• Application checklist (Form FIN197)
• AR-1 certificate of accredited assuming insurer (Form FIN189)

Filing requirements

• For NAIC: File an annual financial statement with NAIC on or before March 1.
• For TDI: 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 CLRfilings@tdi.texas.gov.

Relevant statute and code

• Texas Insurance Code Chapter 493
• 28 Texas Administrative Code Section 7.606

Trusteed assuming insurers

Trusteed assuming insurers are insurance companies that are domiciled outside of the U.S. and are registered – but not licensed – to sell insurance in Texas.

How to become an trusteed assuming insurer

Fill out the Application checklist (Form FIN197) and email it to CLRfilings@tdi.texas.gov.

Filing requirements

File an annual financial statement and trust information on or before February 28 through the financial filing submission portal.

Relevant statute and code

• Texas Insurance Code, Chapter 493
• Texas Administrative Code, Section 7.607

Certified reinsurers

TDI certifies certain reinsurers that meet our strong financial criteria. A certified reinsurer is allowed to provide a reduced amount of collateral because they agree to provide information to TDI. This provides TDI with more oversight of the reinsurer.

How to become a certified reinsurer

Fill out these two forms and email them to CLRfilings@tdi.texas.gov

• Uniform Application Checklist for Certified Reinsurer (Form FIN188)
• CR-1 Certificate of Certified Reinsurer (Form FIN190)

Filing requirements

Financial filings with TDI each year by July 1 through the financial filing submission portal.

• CR-F Reinsurance - Property/Casualty Business (Form FIN191)
• NAIC Instructions for CR-F
• CR-S Reinsurance - Life Insurance, Annuities, Deposit Funds and Other Liabilities, and Accident and Health Insurance (Form FIN192)
• NAIC Instructions for CR-S

Relevant statute and code

• Texas Insurance Code, Chapter 493
• Texas Administrative Code, Section 7.621

Pending applications for public comment

Pending applications are posted for 30 days before TDI takes final action on the application. (Texas Administrative Code, Section 7.622). Send comments or questions to companylicense@tdi.texas.gov. In the subject line, write “Certified Reinsurer Application.”

NONE AT THIS TIME

Qualified jurisdictions

• Bermuda
• France
• Germany
• Ireland
• Japan
• Switzerland
• United Kingdom

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

Fill out these two forms and email them to CLRfilings@tdi.texas.gov

• Uniform Checklist for Reciprocal Jurisdiction Reinsurers (Form FIN187)
• RJ-1, Certificate of Reinsurer Domiciled in Reciprocal Jurisdiction (Form FIN193)

Filing requirements

File an annual renewal and financial filings each year by July 1 via email to CLRfilings@tdi.texas.gov.

Relevant statute and code

• Texas Insurance Code, Section 493
• Texas Administrative Code, Section 7.615

Lists of jurisdictions

• Reciprocal Jurisdictions
• Accredited US Jurisdictions  

Questions? Email CompanyLicense@tdi.texas.gov