Insurance companies seeking to assume the insurance risks of insurers domiciled in Maryland must apply to become eligible under Sections 2-112, 5-906 and 6-203 of the Insurance Article, Annotated Code of Maryland, and Subtitle 5 of Title 31 of the Code of Maryland Regulations (31.05.08.05).
Application estimated verification time: two to five business days.
Application estimated application determination time: 14 to 30 days.
Estimated length of time to complete application: varies based on size and complexity.
In order to register, an applicant shall submit the following in our NEW online portal:
- Reinsurance Application for Accredited Reinsurers.
- Certified copy of the most recent annual statement.
- Audited financial report for the preceding calendar year prepared by an independent certified public accountant.
- Latest Report of Examination made of the applicant by the Insurance Regulatory Agency of the applicant's state of domicile.
- Evidence that the insurer is licensed to transact insurance or reinsurance in at least one state or in the case of a U.S. branch of an alien insurer, is entered through and licensed to transact insurance or reinsurance in at least one state.
- Form AR-1, Certificate of Assuming Insurer.
- Annual Filing Fee of $1,000 (non-refundable) and $1,000 Fraud Prevention Fee
To gain access to the portal please complete the online for for NEW entities only.
The authorization should be renewed between April 1 and June 30 in accordance with Subtitle 5 of Title 31 of the Code of Maryland Regulations.
You will be required to pay the renewal fee totaling $2,000 using a Visa, Mastercard, or eCheck. There is no extra charge for renewing online. If you renew by credit card, the charge on your statement will be shown as "Maryland Insurance Administration."
The accredited insurer can renew its registration online within 60 days prior to expiration using our NEW online portal.
- certified copy of the most recent annual statement.
- Annual application fee of $2,000 (non-refundable) payable through the online portal.
Application estimated verification time: two to five business days.
Application estimated determination time: 14 to 30 days.
Estimated length of time to complete application: varies based on size and complexity.
If you have any questions, contact:
Maryland Insurance Administration
Company Licensing Unit
Phone: 410-468-2104
Fax: 410-468-2112
Email: [email protected]
