211 CMR 30.05 - Notice of Intention and Securing of Approval
Current through Register 1466, April 1, 2022
Any authorized life insurance company which pursuant to the authority granted by the above referenced section of Massachusetts Law intends either by itself or together with other insurers through pooling arrangements or otherwise to reinsure property and casualty risks of every kind and description must:
(1) File a notice of
intention in writing to the Commissioner. This notice of intention shall set
forth the proposed plan of operations, the qualifications of its staff to
engage in this reinsurance business, proof that its charter and, in the case of
a foreign life insurer, the laws of its place of domicile authorize it to
engage in such business and proof, in the case of a foreign life insurer, that
the insurance regulatory authorities of its place of domicile have been
informed of its intended participation and have not objected to such
participation and that it has posted the required deposit; and
(2) Obtain the advance written approval of
the Commissioner prior to the writing of such reinsurance business.
Notes
The following state regulations pages link to this page.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.