All questions concerning company licensing should be addressed to: MN Department of Commerce
Financial Examinations Division - Insurance
85 7th Place East, Suite 500
St Paul, MN 55101-2198
651 296 - 6907
companylic.commerce@state.mn.us All Primary and Expansion Applications must include a $1,500 application fee, payable to the Minnesota Department of Commerce. All Alien and Foreign Surplus Lines Applications must include a $500 application fee, payable to the Minnesota Department of Commerce. Applications are tailored for the various types of entities, although they all incorporate common elements related to finances and management. Minnesota law and rules spell out the company licensing requirements for each particular product and insurance entity. The information below and forms (in the column to the right) are what you need to begin the initial step in the licensing process. Additional information may be requested depending upon the type of business you are licensing. Insurers seeking a Minnesota Certificate of Authority or filing a corporate amendment application must use NAIC's Uniform Certificate of Authority Application (UCAA). Download from: http://www.naic.org/industry_ucaa.htm . In addition, please note the Minnesota specific requirements in the list below. Seasoning requirements for a foreign insurer to apply for a Minnesota Certificate of Authority can be found in the UCAA Expansion Application under State Charts. All documents/forms/applications mentioned below are downloadable from the right column under the heading "Download Applications & Information here." UCAA Expansion/Primary State Specific Requirements and Forms (P&C and Life & Health): includes Application Checklist, and Appointment of Attorney. Top of Page Foreign Surplus Lines Insurers includes Application Checklist, Appointment of Attorney, Statement of Insurance Company Fees, and List of Unavailable Coverages. Top of Page Alien Surplus Lines Insurers includes Application Checklist, Appointment of Attorney, Designation of Addresses, List of Unavailable Coverages, NAIC Non-Admitted Insurers Application, NAIC Surplus Lines Business Plan, and NAIC Biographical Affidavit. The applicant must be listed with the National Association of Insurance Commissioners (NAIC) International Insurers Department (IID) and once approved as an eligible surplus lines insurer in Minnesota, must remain on the IID list in order to do business in Minnesota. For further information regarding the NAIC's International Insurers Department, please contact Bob Schump, IID Manager, at (816) 783-8437. Top of Page Risk Retention Groups includes Cover Letter, Application Checklist, and Application for Risk Retention Group Registration. Top of Page Accredited Reinsurers includes Application Checklist, Appointment of Attorney, and Long-Tail Casualty Reinsurance Certification (For P&C Companies only). Top of Page Trusteed Reinsurers includes Application Checklist. Top of Page Company Fees and Deposits lists various application fees and/or deposits required when filing and C & S requirements. In order for insurance agents appointed with a merged company to be appointed with the surviving company on the date of merger, insurers will need to contact Sircon at sircon@sircon.com or 517-381-3870 to accomplish the transfer. If arrangements to transfer the merged company's agents to the surviving company are not made with Sircon, these individuals will not be able to sell for the surviving insurer until they are appointed with the surviving company on an individual basis as a regular appointment. After the transfer of agents is made with Sircon, the surviving company must notify the Department of Commerce. The department will take the final step of insuring that the non-surviving company is deactivated. Top of Page
There are two Applications for Prepaid Limited Health Service Organizations for Medicare Part D - Prescription Drug Plans, one for entities domiciled in Minnesota and one for entities domiciled in other States. - All items on the application checklist should be provided. Items not applicable to your situation must be clearly explained.
- Submit only complete applications. Incomplete applications will be immediately returned.
You may download the application forms from the column to the right.
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