In order to be eligible as a certified reinsurer in South Carolina, an assuming insurer must meet the following requirements:

• Domiciled and licensed as an insurer or reinsurer in a “qualified jurisdiction”
• Maintain minimum capital and surplus of no less than $250,000,000
• Maintain financial strength ratings from two or more rating agencies deemed acceptable to the Commissioner
• Agree to submit to the jurisdiction of South Carolina
• Submit financial information for regulatory review
• Satisfy other requirements established by the Commissioner

If you would like to provide comments regarding the application for status as a certified reinsurer listed herein you may email your comments to  fnclmail@doi.sc.gov.