Reciprocal Jurisdiction Reinsurers

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Last Updated:  October 23,​ 2024

​Effective June 1, 2022, reinsurers may apply for status as a reciprocal jurisdiction reinsurer. This allows a domestic ceding company to eliminate collateral requirements and still take full credit for reinsurance recoverab​les from a reciprocal jurisdiction reinsurer under ch. Ins 52, Wis. Adm. Code, for those contracts entered into or renewed after the reinsurer has obtained reciprocal status. This rule does not prohibit parties to a reinsurance agreement from agreeing to provisions establishing collateral requirements which exceed the minimum requirements.

This page documents the process for filing new and renewal applications and includes a listing of approved reciprocal jurisdiction reinsurers.

Questions concerning the initial or renewal application process for reciprocal jurisdiction reinsurers may be directed to ocireinsurance@wisconsin.gov​.​

​Forms

• ​​Uniform Checklist for Reciprocal Jurisdiction​ Reinsurers
  
• Form RJ-1 (complete on company letterhead)​​​
• Form CR-F (not required for passporting applications)​
• Form CR-F Instructions
  
• Form CR-S (not required for passporting applications)
  
• Form CR-S Instructions​
  

​​Initial Filing Instructions for Reciprocal Jurisdiction Reinsurer Status

Full Application

​Reciprocal jurisdiction reinsurers requesting Wisconsin to act as its "Lead State" for NAIC Reinsurance Financial Analysis (E) Working Group (ReFAWG) and passporting purposes should file a full application, meaning complete Section I on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist.​​  

Passporting Application  

Reciprocal jurisdiction reinsurers who have established their Lead State with an NAIC accredited jurisdiction other than Wisconsin, whose initial application has been reviewed by ReFAWG, and would like their reciprocal jurisdiction reinsurer status recognized in Wisconsin should file a passport application, meaning complete Section II on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist.

Maintaining Reciprocal Jurisdiction Reinsurer Status 

Annual Renewal Application

Reciprocal jurisdiction reinsurers that filed a full application in Wisconsin should annually complete Section I on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist. Renewal applications should be submitted by June 30 to maintain the reinsurer's status for the upcoming year. 

Annual Passport Application

Reciprocal jurisdiction reinsurers that have passported into Wisconsin should annually complete Section II on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist. Renewal applications should be submitted by October 1 to maintain the reinsurer's status for the upcoming year. 

​Current Reciprocal Jurisdictions