Naic biographical affidavit pdf

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This information is collected and published once each year. Please contact the naic biographical affidavit pdf agency directly for the most up-to-date information. Questions concerning documents or requests for copies of documents should be directed to the contact person listed by the agency.

These include domestic companies and companies that are considered commercially domiciled in Texas. Registration of Insurers – TAC 7. Commissioner’s Approval Required – TAC 7. Acquisition Statements – Filing Requirements – TAC 7. 00 for Special Purpose Financial Insurance Companies. No incomplete package of material will be accepted.

Copies should be made and enclosed as required by the application. Each affidavit must be filled out in its entirety and no substitute for this form will be accepted. Financial Regulation C-81-2 requires that an independent certified public accountant, approved by the Commissioner, audit the captive annually. It is incumbent upon the applicant to select an accountant who meets the requirements of Regulation 81-2. You may ask the Department if your CPA is currently approved.

Financial Regulation C-81-2 requires that loss reserves and loss expense reserves be certified by a Fellow of the Casualty Actuarial Society, a member in good standing of the American Academy of Actuaries or an individual who has demonstrated his competence in loss reserve evaluation and has been approved by the Commissioner. It is incumbent upon the applicant to select a member or individual who meets the requirements of this regulation. Review Firm All applications will be reviewed by one of the twelve review firms appointed by the Commissioner. The firms’ duties are of an advisory nature only and final approval or disapproval of an application will be made by the Commissioner only. Captive Annual Statement Pure, Association, Sponsored and Industrial Insured captives will file an annual statement on a Vermont Captive Insurance Company form established by the Commissioner. Risk Retention Groups and Special Purpose Financial Insurance Companies will file an annual statement on the NAIC form currently in use by the insurance industry. Location Of Captive Records All books, records, and other information necessary for a statutory examination should be located in Vermont.