Lloyds of London

Fraternal Insurer

Major Financial Reports that insures must report to DOI

Types of Permitted Investments by insurers.

Investment of Assets by Insurers

Any Person Capable of making a contract can be an insurer.

Admitted Insurer

Non-admitted Insurer

Admitted Insurer can transact any type of insurance for which it is AUTHORIZED by its Articles of Incorporation (Charter) and has received Certificate of Authority from DOI

Admitted Insurer can transact any type of insurance for which it is AUTHORIZED by its Articles of Incorporation (Charter) and has received Certificate of Authority from DOI

An insurer transacting Insurance without a Certificate of Authority can be fined up to $100K and/or up to 1 year in prison.

Prohibited acts by Agents with Non-Admitted Insurers

Domestic Insurer

Foreign Insurer

Alien Insurer

Demutualization (Conversion)

Insurance Companys' Operating Divisions

Reciprocal Exchange

Actuarial

Reinsurance

Reinsurance Benefits