| (iii) a statement that the applicant commits to comply
with all contractual requirements applicable to reinsurance contracts
with United States ceding insurers; and
(iv) any such additional information concerning the
applicant's claims practices with regard to any or all United States
ceding insurers that the Commissioner may request following receipt
of the notice;
(7) a certification from the certified assuming insurer's
domestic regulator that the certified assuming insurer is in good
standing and maintains capital in excess of the jurisdiction's highest
regulatory action level;
(8) evidence of the applicant's financial strength
by:
(A) confirming all interactive financial strength ratings
currently maintained by the applicant;
(B) specifying the type of financial strength rating;
and if the financial strength rating is not on a stand-alone basis,
provide the rationale for the group rating;
(C) submitting copies of full NRSRO reports dated within
15 months of the application date all financial strength ratings currently
maintained by the applicant, except if a full report is not available,
the applicant must provide a letter from the applicable NRSRO affirming
its current financial strength rating; and
(D) providing an explanation of any changes in the
financial strength rating during the last three years;
(9) the mechanisms the applicant will use to secure
obligations incurred as a certified assuming insurer in accordance
with Insurance Code §§493.1033-493.1038 and this subchapter.
If the applicant intends to utilize a multibeneficiary trust for this
purpose, the applicant must submit:
(A) a copy of the approval from the domiciliary regulator
with regulatory oversight of the 100 percent collateral and reduced
collateral multibeneficiary trusts or its intention to secure the
approval of the domiciliary regulator of the trust before either trust
can be used;
(B) the form of the trust that will be used to secure
obligations incurred as a certified assuming insurer; and
(C) the form of the trust that will be used to secure
obligations incurred outside of the applicant's certified assuming
insurer status; and
(10) a description of the applicant's past, present
or proposed future participation in any solvent scheme of arrangement,
or similar procedure, involving United States ceding insurers and
a statement that the applicant will notify the Commissioner in writing
of any future proposed participation by the certified assuming insurer
in a solvent scheme of arrangement, or similar procedure, not less
than 30 days prior to such participation;
(11) applicant information, including the applicant's:
(A) full name;
(B) physical address for its principal place of business;
(C) mailing address;
(D) NAIC number, United States federal tax identification
number, and ISI number; and
(E) contact individual's name, phone number, and email;
and
(12) other information that the Commissioner may reasonably
require.
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