OPAL, Online Permit Assistance and Licensing, INS, Mutual Property/Casualty Insurance Corporation License

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Mutual Property/Casualty Insurance Corporation License - Domestic

Permit Information

Permit ID:	INS-0054	Agency Code:	1300

Agency Name:	Financial Services, Department of (Insurance Industry)

Permit Name:	Mutual Property/Casualty Insurance Corporation License - Domestic

Permit Description:	Allows an organization of a domestic mutual property/casualty insurance company to sell fire, theft, property, etc.

Application Form:	Uniform Certificate of Authority Application (UCAA) - Primary Application
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Form Number/Date:	Form 1P (4/98), Form 2P (9/06), Form 3 (5/09)

Downloadable Application Form:	http://www.dfs.ny.gov/insurance/insure_app.htm, http://www.naic.org/industry_ucaa.htm

Apply Online:	Not Available

Authority

Statutory Authority:	NYS Insurance Department Article 11, 13 and 41 (eff. 1984)

Regulatory Authority:	None

Federal Authority:	None

Category of Business Regulated by Permit:	Finance & Insurance & Real Estate

Fees and Requirements

Fees:	Type Amount Returnable
	1. Filing $30.00 Yes Comments: Average daily salary and overhead times number of days 2. License/Permit $10.00 No Comments: None 3. Deposit $500,000.00 No Comments: Charter Filing 4. Name Approval $25.00 No Comments: None

Fee Payment Options:	Personal Check, Certified Check

Comments:	Checks made payable to Superintendent of Financial Services

Additional Documentation:	1. Character References Always Required 2. Financial Information Always Required 3. Formal Educational Information Always Required 4. Personal Background Information Always Required

Comments:

Supplemental Permits:	1. Agency: Financial Services, Department of (Insurance Industry) Permit: Sell Securities of Unlicensed Insurer (Corporation), License to--> 2. Agency: Financial Services, Department of (Insurance Industry) Permit: Sell Securities of Unlicensed Insurer (Individual), License to--> 3. Agency: Financial Services, Department of (Insurance Industry) Permit: Sell Securities of Unlicensed Insurer (Partnership), License to--> 4. Agency: Financial Services, Department of (Insurance Industry) Permit: Approval/Reservation of Business Entity Name-->



Comments:

Special Requirements:	None

Comments:

Additional Information:	1. The agency has an appeal process for a denied application 2. Permit/license must be posted

Comments:

Processing

Average Application Processing:	Initial:	90	Days

	Renewal:	0	Days

	Comments:	Depends on the complexity of applying company

Common Denial Reasons:	Inadequate financial position

Permit Term:	Perpetual	Explain:

Renewable:	No	How Often:

Automatically Sent:	No	Explain:


Grace Period:	No	Explain:

Late Penalty:	No	Explain:

Application Submittal:	Mail, In Person

Comments:	Must submit two copies of application. One to Office of General Counsel and one to the Property Bureau.

Licensing/Application Inquiries