Currently licensed authorized reinsurers must follow the instructions below to remain licensed with the Utah Insurance Department (UID).
Renewal Checklists
- Renewal Checklist for Accredited or Trusteed Reinsurer
- Renewal Checklist for Certified Reinsurer
- Renewal Checklist for Reciprocal Jurisdiction Reinsurer
Fees
- Renewal fees must be paid – electronically – no later than the date shown on the invoice.
- For a detailed explanation of each fee on your invoice, please see Utah Rule R590-102.
Electronic Payment
- You are expected to complete your renewal electronically through the department’s secure payment portal. Before you begin the electronic renewal by clicking the button below, you should have a copy of the current year’s invoice. From the invoice, you will need the invoice number that is located in the upper right corner and the Utah ID number that is located on the upper right side of the cover letter.
- After you have entered the invoice and payor ID numbers, click on the submit button. At this time an address change form will appear. You will be asked to verify and make any changes to the addresses that the Utah Insurance Department has on file for the company. Once you have made the changes, click on the submit button. This will automatically update any changes to the addresses in our database.
- At this point continue to follow the prompts to complete the renewal process.
- You must pay your renewal fees electronically through the department’s secure payment portal using either a credit card or an electronic check. You will need to have the necessary numbers and authorization before beginning the renewal process. If using:
- a credit card you will need the credit card number, name, statement billing address and expiration date; or
- an electronic check you will need your checking account routing number and account number found at the bottom of the company check. Your bank may need the originating ID number 0000097488 to complete an e-check transaction.
Requirements
- Provide a written statement disclosing the preceding year-end trust balance that summarizes the trust’s investments. Certify the termination date of the trust, if trust termination is planned, or certify that the trust shall not expire prior to December 31 of the current year. The certification disclosure is due by March 1. The written statement and certification can be attached to an e-mail and sent to company-renewals@utah.gov or mailed to: Dava Ann Neal, Utah Insurance Department, 4315 S. 2700 W., Suite 2300, Taylorsville, UT 84129.
- Foreign companies should not file an annual statement, actuarial opinion, RBC, SVO, Managements Discussion & Analysis, certification letters, quarterlies or annual Audited Financial Reports with the Utah Insurance Department if these documents are filed with the NAIC. Our analysts will obtain this information from the NAIC website.
If you have any questions, please contact Dava Ann Neal at dneal@utah.gov or (801) 957-9252.
Renewal invoices will be emailed at the beginning of February. Payments must be made by March 1 to avoid a late fee.
