Certified Reinsurer
Pursuant to Nevada Revised Statutes and Nevada Administrative Code, Chapter 681A and in accordance with adopted NAIC Credit for Reinsurance Model Law #785 and Regulation #786, reinsurers seeking to apply for certified reinsurer status in Nevada must submit the following application documents to the Nevada Division of Insurance in electronic form via email to the attention of:
To apply to become a Certified Reinsurer in the State of Nevada, please choose which application will be filed with the Nevada Division of Insurance based on the explanation below, complete and submit the below Certified Reinsurer Checklist and application forms:
FULL APPLICATION AS A “LEAD STATE”:
*Reinsurers not previously certified within a NAIC accredited jurisdiction seeking Certified Reinsurer Status in Nevada.
- Full Application Needed
Certified Reinsurer Checklist (DOI Checklist)
Uniform Application for Certification of Reinsurers (NAIC Checklist)
CR – 1 – Certificate of Certified Reinsurer (Initial, Passporting and Renewal Applications)
CR – F / With Instructions – Property and Casualty
CR – S / With Instructions – Life, Annuities, Accident and Health
PASSPORTING APPLICATION:
*Reinsurers seeking Certified Reinsurer Status in Nevada currently certified within a NAIC accredited jurisdiction that has been reviewed by the NAIC Reinsurance Financial Analysis (E) Working Group (ReFAWG).
- CR – 1 (Passporting)
LIST OF PENDING APPLICATIONS:
Per Adopted Regulation R079-16, The Commissioner shall maintain a list of Pending Applications available for public comment. All public comments should be directed in writing, to the following:
Corporate and Finance Department
Nevada Division of Insurance
1818 E. College Parkway, Suite #103
Carson City, NV 89706
Federal/Alien ID |
Name |
Jurisdiction |
Date App Rec’d |
Public Comment 30 Day Deadline |
AA-3194126 | Arch Reinsurance Ltd | Bermuda | 9/18/2021 | |
AA-3191250 | Watford Re Ltd | Bermuda | 9/18/2021 |
LISTING OF CERTIFIED REINSURERS:
Per NRS 681A.1554, The Commissioner shall publish a list of all certified reinsurers and the ratings that he or she has assigned to those certified reinsurers.
Federal/Alien ID |
Name |
Jurisdiction |
Rating |
Effective Date |
AA-1320152 | Chubb European Group SE | France | 06/22/2021 | |
98-0362892 | Endurance Specialty Insurance Ltd | Bermuda | 01/13/2021 | |
AA-1340125 |
Hannover Ruck SE |
Germany |
|
12/18/2018 |
o Included in the link below is a list of all certified reinsurers that have been reviewed by ReFAWG and recommended for Passporting.
LISTING OF QUALIFIED JURISDICTIONS:
Per NRS 681A.1553, The Commissioner shall create and publish a list of qualified jurisdictions, pursuant to which an assuming insurer licensed and domiciled in such jurisdiction is eligible to be considered for certification by the Commissioner as a certified reinsurer. (7 Countries as of January 1, 2017)
- Bermuda: Bermuda Monetary Authority (BMA)
- France: Autorité de Contrôle Prudentiel et de Résolution (ACPR)
- Germany: Federal Financial Supervisory Authority (BaFin)
- Ireland: Central Bank of Ireland
- Japan: Financial Services Agency (FSA)
- Switzerland: Financial Market Supervisory Authority (FINMA)
- United Kingdom: Prudential Regulation Authority of the Bank of England (PRA)