RENEWAL INSTRUCTIONS
Domestic & Captive Insurers in Utah
Currently
licensed domestic & captive insurers must follow the instructions below to
remain licensed with the Utah Insurance Department.
Fees
-
Fees are no longer retaliatory.
-
Renewal
fees for:
-
Domestics must be paid -
electronically - no later than January 31, 2008.
-
Captives must be paid -
electronically - no later than June 30, 2008.
-
For
a detailed explanation of each fee on your invoice, please see Utah Rule
R590-102 at
http://www.insurance.utah.gov/rules/r590-102.htm
Electronic
Renewal
-
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
these two 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 for Annual Statement Filings
-
Domestic and captive
insurers are required to file with the Utah Insurance Department on or
before March 1, 2008: two (2) paper copies of their annual statement; and;
attachments and documents required to be filed with the annual statement,
such as; an actuarial opinion, SVO, RBC, Managements Discussion & Analysis,
and Annual Audited Financial Reports.
-
Checklist
- State Filing Instructions (NAIC)
Health Insurers
-
Property and Casualty Insurers
-
Title Insurers
-
Fraternal Societies
Domestic and captive insurers are
also required to file their annual statements and necessary attachments and
documents with the NAIC on or before March 1, 2008.
If you have any questions contact:
Beth Crim at 801-538-3812; or Linda
Hardy at 801-538-3813.
Utah
Accident & Health Survey
The
Utah Accident & Health Survey is a state specific annual filing. The
survey provides more detailed information on accident and health business in
Utah than is currently available from the NAIC Annual Statement. All
Fraternal, Health, Life and Property & Casualty insurers who have accident
& health business in Utah are required to file this survey. For more
information on how to file this survey click
here.
The survey can be saved
into a spreadsheet, filled out and attached to an e-mail to
jhawley@utah.gov
instead of mailing. Any questions
on this requirement contact Jeff Hawley at 801-538-9684.
Captive Invoices were mailed 5-19-08..
Electronic Renewal
Security Statement
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