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IDOI > Financial Services > Initial Registration Requirements > Risk Retention Groups (Foreign Only) Risk Retention Groups (Foreign Only)

I.C. 27-7-10-14

A risk retention group (RRG) chartered in another state must register with IDOI before doing business in Indiana.  Please submit the following. 

1.      Application

2.      Filing Fee $110

3.      A list of the states in which the RRG is chartered or licensed as a liability insurance company.

4.      Date the charter was issued

5.      The RRG’s principal place of business

6.      Information, including information on the membership of the group, that verifies the group meets the definition of risk retention group in IC 27-7-10-11

7.      A copy of a plan of operation or feasibility study in compliance with IC 27-7-10-8 and IC 27-7-10-14 (b) (2) which includes any revisions to its plan of operation or feasibility study since being originally chartered.  

8.      A certified copy of RRG’s charter or license from its chartering state.

9.      A current audited financial statement certified by an independent public accountant and containing a statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or by a qualified loss reserve specialist

10.  A copy of each examination of the RRG certified by the commissioner or public official conducting the examination.

11.  The RRG’s current annual statement and quarterly statement.

12.  Copies of signed and notarized biographical affidavits on current officers and directors of the group.

13.  Listing of coverages to be offered by the group.

Please submit the registration documents to:

Admissions Coordinator
Indiana Department of Insurance
311 West Washington Street, Suite 300
Indianapolis, Indiana 46204-2787

After we receive the proper filing and review is completed, we will prepare a letter of registration and send it to the contact person listed on the application.