FOREIGN INSURANCE COMPANY WITHDRAWAL/COMPLETE SURRENDER OF CERTIFICATE OF AUTHORITY APPLICATION
Last Updated: 07/19/2024
Updates to the information will be noted with a “ * ” next to the state name and edits will be italicized and bolded.
State | Fee | Requirement | Contact |
---|---|---|---|
AL | Surrender current Alabama Certificate of Authority UCAA Form 17, along with attachments which are required based on the responses to the Form, must be filed. |
Alabama Insurance Department |
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AK | N/A | Completion of Voluntary Surrender of Certificate of Authority (Form 08-290). Other requirements in AS 21.09.135, AS 21.09.245. |
Kevin Richard |
AZ | None |
|
Cary W. Cook |
AR | No |
Any insurer desiring to surrender its Certificate of Authority, withdraw from this state, or discontinue the writing of certain classes of insurance in this state shall give ninety (90) days notice in writing to the Arkansas State Insurance Department and shall state in writing its reasons for such action. The commissioner may waive any part of the notice requirement. A.C.A §23-63-211(e) Return the original certificate of authority or an affidavit of loss notarized and signed by an officer of the company. Provide a notarized affidavit by an officer of the Company stating there are no outstanding policies, Contact our Accounting Division for the filing of the proper “final” tax filings. Accounting Division |
Legal Division |
CA | $1551 + $1000 (publication fee) |
State specific forms required - Withdrawal from California as an Insurer. |
CAB-SF-Intake@insurance.ca.gov |
CO | None | Summary of the company’s plan to transfer or run-off any existing business in the lines to be deleted. |
Cindy Hathaway |
CT | None |
|
Company Licensing Section |
DE |
|
Delaware Department of Insurance |
|
DC |
|
Kathy Alexander |
|
*FL | None |
|
For all Life & Health Companies: For all Property & Casualty Companies: |
GA | Filing Fee - $75 Processing Fee - $5 |
|
Keyatta Kelly |
HI | None |
Return of the company’s original Hawaii Certificate of Authority or an affidavit of loss (Form 15) notarized and signed by an officer of the company. Comply with the following Hawaii Revised Statute (HRS) sections: |
Andrew Chow |
ID | None |
|
Corporate Amendment Apps: |
IL | $50 | 215 IICS 5/118 of the Illinois Insurance Code. Submit letter to Department requesting withdrawal. Submit UCAA Form 17, Statement of Withdrawal. Return of the original Illinois Certificate of Authority for cancellation. | Marcy Savage Deputy Director, Corporate Regulation Section Illinois Department of Insurance 320 West Washington Street, 4th Floor Springfield, IL 62767 marcy.savage@illinois.gov |
IN |
|
Annette Gunter |
|
IA | Fees are retaliatory |
Return Original Certificate of Authority. Letter requesting withdrawal and completion of Form 17, Statement of Withdrawal. |
Dana Sanders |
KS |
Written statement from the Company stating that there is no existing or run-off business in KS and they do not intend to transact business in KS in the future. Uniform Certificate of Authority Application (UCAA) Statement of Withdrawal (UCAA Form 17). |
Tish Becker |
|
KY |
A letter stating the Co. has no business in KY. |
Kentucky Department of Insurance |
|
LA | None | La. R.S. 22:341 UCAA Form 17 Statement of Withdrawal and UCAA Statement of withdrawal Louisiana Specific Addendum. Return of the original Certificate of Authority. |
Tangela Byrd |
ME |
24-A M.R.S.A.§ 415-A: Withdrawal plan must be submitted for approval at least 60 days prior to the proposed date of withdrawal. See section 415-A and Me. Dep’t of Prof. & Fin. Reg., 02-031 CMR 400 for plan requirements. The original Certificate of Authority must be returned. |
Lauri Cooper |
|
MD | None |
Company will need to furnish the current Maryland original Certificate of Authority. In addition, a cover letter requesting the Company’s intention to withdraw, signed by an appropriate Corporate officer. |
Erin Nickles |
MA |
M.G.L.c.175,§44 is for MA Domestic Insurers. Foreign Insurers need to demonstrate that there is a plan in place that has been approved that protects MA policyholders with current or future claims. |
MA Division of Insurance |
|
MI |
In addition to the UCAA corporate amendments application, an affidavit signed by an actuary must be included indicating that the Company does not have any outstanding Michigan business to secure. Return of original Certificate of Authority. |
Linda Martin |
|
MN |
If the Company hasn’t written in MN: the Company is automatically allowed to withdrawal. 60A.052, subd. 4a. The Department requires a letter, signed by the President of the Company, to be sent to us stating the number and amount of outstanding claims and number of policies in-force in the State of Minnesota. The letter must also state that the Company will pay any and all outstanding desk audit fees charged to the Company at the time of the withdrawal. The Department will review the information and may issue an Order permitting such withdrawal from Minnesota. Note under Minn. Stat. 60A.052, Subd. 4a, all direct liability to Minnesota policyholders and obligees have to be assumed by another insurer before a company is allowed to withdraw. |
Company Licensing Contact – Kathleen Orth |
|
*MS |
Surrender current Certificate of Authority. Form 12 would not be required to be filed by an unlicensed insurer. All taxes, fees & filings due to MS Department of Revenue, MS State Rating Bureau, MS Workers’ Comp. Commission & MS Insurance Department have been made. If business has been transferred to another company prior to the filing of the Form 17, prior notice of the reinsurance transaction and approval of the policyholder notification would be required. Original signatures are needed on Form 17. |
Chad T. Bridges |
|
MO | $150 |
375.871.1 RSMO. Copy of Board of Director’s Resolution regarding withdrawal from the State. The Department will verify that business has been transferred to another licensed company and the insurer has no outstanding taxes or fees in Missouri. |
Kelly Hopper |
MT |
Contact Montana CSI. |
Tavin Mogus |
|
NE | $0 |
Submit UCAA form 17. The company must have a procedure in place to handle outstanding claims and policyholders for any in-force business. Surrender current Certificate of Authority. |
|
NV |
Foreign RRG – Surrender original Nevada Certificate of Authority or submit a Form 15 Affidavit of Loss, signed by President of company. Contact Company Licensing, to obtain a Foreign RRG Withdrawal Requirements Checklist. Foreign Insurance Company – Surrender original Nevada Certificate of Authority or submit a Form 15 Affidavit of Loss, signed by President of company. Submit Form 17 Statement of Withdrawal to Company Licensing. |
Nevada Division of Insurance |
|
NH | $25 and subject to retaliatory fees. |
NH Application for Amendment Form. Original Certificate of Compliance from state of domicile. Return of NH current original Certificate of Authority. |
Linda Zalinskie, Financial Regulation Division |
NJ |
If a company has no open liabilities in New Jersey for the lines it wishes to withdraw, it may submit a certification to that effect from its Board of Directors to: If a company has open liabilities, it must submit a withdrawal plan pursuant to N.J.A.C. 11:2-29.1 et seq. to the address noted above. |
Nakia Reid, Manager (609) 940-7613 Nakia.Reid@dobi.nj.gov |
|
NM | No Fee |
Surrender Certificate of Authority. NAIC UCAA Statement of Withdrawal Form 17. |
Victoria Baca Ursula Almada Office of Superintendent of Insurance |
NY | At least forty-five days prior to such proposed action insurer must submit a plan to protect the interests of people of NY for prior approval by the Superintendent pursuant to §1105 of the New York Insurance Law and Department Regulation 109 (11 NYCRR 88). |
We require that one original document be sent to: Office of General Counsel State of New York Department of Financial Services And another original to the applicable bureau:Property Bureau Life Bureau Health Bureau |
|
NC | None |
Cease writing business in NC. Provide actuarial Certification regarding outstanding policyholders obligations. |
Joe Greene |
ND | None |
For Property & Casualty products pursuant to ND. N.D.C.C. Section 26.1-25-04.4. See http://www.nd.gov/ndins/companies/companylicensing/voluntarywithdrawal/ for voluntary withdrawal guidelines for all companies. |
Company Licensing and Examinations Divisions |
OH | None | In order to surrender its COA, a company must provide notice to policyholders through publication and then make application to the Department to surrender. Companies intending to surrender should contact the Department for guidance on how to proceed. |
Cameron Piatt |
OK |
Return Oklahoma Certificate of Authority, completed UCAA Form 17 Statement of Withdrawal and UCAA Form 16a (if applicable). Please assure rate and form filings have been completed electronically through SERFF. Call our Rate & Form Compliance Division at 405-521-3681 should you have any questions regarding rate and form filings. Pursuant to Oklahoma Regulation 365:15-1-18/Oklahoma Regulation 365: 15-7-31. Any insurer desiring to withdraw from the state or discontinue the writing of certain classes of insurance in this state shall give ninety (90) days’ notice in writing to the Insurance Department and shall state in writing its reasons for such action. The insurer shall also provide the following information: |
Kayla Lowe-Whitlow |
|
OR | None |
Submit an affidavit, which indicates the company, has no outstanding claims, liabilities or in-force business in the state of Oregon and if any should arise, the company will take full responsibility. Affidavit must be signed by an officer of the company. Submit current original Certificate of Compliance from state of domicile. Return original Certificate of Authority. ORS 731-512. |
Insurance Institutions |
PA |
Please review guidance at: https://www.insurance.pa.gov/Companies/PlanOfWithdrawal/Pages/default.a… |
||
PR |
Circular letter No. E-10-1395-95 found on our website. Companies intending to surrender should contact the Department for guidance on how to proceed. |
Mrs. Glorimar Santiago |
|
RI | None | Request withdrawal. | Debra Almeida Rhode Island Insurance Division 1511 Pontiac Avenue, Bldg 69-2 Cranston, RI 02920 (401) 462-9542 debra.almeida@dbr.ri.gov |
SC | None |
A letter from the President or CEO stating there are no outstanding policies in-force and no outstanding liabilities or claims. Any policy in-force or unsatisfied claims outstanding in SC is provided via Reinsurance or Merger by a SC authorized entity. See Code Section 38-61-80 Withdrawing from the market. If the company has policies in force - The insurer would need to submit a SERFF filing formally withdrawing all forms, rates, and rules that have been approved by our Department, as they are no longer considered valid if they leave our state. |
Ryan Basnett
|
SD |
Submit written letter of request to withdraw, signed by an officer. Indicate: No policies currently in force in SD & no outstanding claims or liabilities. Please state: No business done in calendar year or if Yes premiums were received in calendar year. If Yes a "Final Premium Tax Return must be submitted along with taxes. Mark as Final Return. Return Original Certificate of Authority. |
Patsy Madsen, Company Licensing Specialist |
|
TN | None |
A statement advising of the resolution of the company’s current business in TN. |
Phil Adams, Analyst |
TX | $0 | Cancellation of certificate of authority filings only. A market withdrawal plan filing as required in Texas Insurance Code (TIC) 827 and 28 Texas Administrative Code (TAC) §§7.1801-7.1808 provides for a company to withdraw with PRIOR approval of the Commissioner of Insurance. See webpage for withdrawal requirements: https://www.tdi.texas.gov/forms/fincolicense/fin349withdraw.pdf. |
Company Licensing and Registration Electronic Filing via UCAA or CLRFilings@tdi.texas.gov |
*UT | Withdrawal Fee, if required by UCA § 31A-4-115(2) |
UCA § 31A-4-115. Statutes, Administrative Rules, and forms are available at https://insurance.utah.gov. |
Email documentation to company-renewals@utah.gov |
VT | $25.00 or retaliatory amount | A foreign or alien company, upon withdrawing from the state of Vermont, shall pay to the Commissioner $25.00 for the filing of its final financial statement. 8 V.S.A § 3561 |
Company Licensing |
VA | None | A foreign insurance company/corporation is referred to the Office of the Clerk of the State Corporation Commission to surrender its general certificate of authority. An officer of the company must submit an affidavit requesting to surrender its license and the company is reviewed for direct business in VA. |
Gayle Henderson, Office Supervisor |
WA | No fee |
Return of the original Certificate of Authority. Documentation that supports the transfer or assumption of any in-force business. RCW 48.05.290 |
Company Supervision Division |
WV | No fee |
https://www.wvinsurance.gov/company-definitions. 45 days prior, the company is required to submit a formal plan of withdrawal. |
WV Offices of the Insurance Commissioner |
WI | No fee |
Any transfer of business or reinsurance other than in the normal and usual course of business must be reported to the Office not less than 30 days in advance of the proposed effective date, and is subject to disapproval under s. 618.32, Wis. Stat. If applying for a release from regulation, the company must comply with s. 618.36, Wis. Stat. |
Mark McNabb |
WY |
If leaving the health market, the company must comply with W.S. 26-15-121 and W.S. 26-19-305. If leaving the property & casualty market, the company must comply with Chapter 35 of the Wyoming Insurance Code. The company must return the original Certificate of Authority. W.S.26-3-113(c). |
G. Douglas Melvin, Chief Examiner |