Reciprocal Jurisdiction
A reciprocal jurisdiction is a non-U.S. jurisdiction that is subject to the in-force covered agreement with the United States and the European Union pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act that addresses the elimination of collateral requirements as a condition for entering into a reinsurance agreement with a ceding insurer domiciled in Vermont or for allowing the ceding insurer to recognize credit for reinsurance.
Reciprocal Reinsurer Forms and Instructions:
- Form RJ-1
- Uniform Checklist for Reciprocal Jurisdiction Reinsurers
- Form CR-F (Property/Casualty Business)
- Form CR-F Instructions
- Form CR-S (Reinsurance Assumed Life Insurance Annuities, Deposit Funds and Other Liabilities Without Life or Disability Contingencies, and Related Benefits)
- Form CR-S Instructions
Vermont Approved Reciprocal Reinsurer Listing
Qualified Reciprocal Jurisdiction Listing
Reciprocal Jurisdictions Listing
Contact Information
Department of Financial Regulation
Insurance Division, Company Licensing
89 Main Street
Montpelier, VT 05620
Email to: DFR.CompLic@Vermont.gov
Other Information
- Vermont Statutes: 8 V.S.A. § 3634a (b)(6)(A)
- Vermont Regulation: Vermont Insurance Regulation I-1997-03(Revised)
- NAIC: ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers
- NAIC: Process for Evaluating Qualified and Reciprocal Jurisdictions
- NAIC: NAIC Certified and Reciprocal Jurisdiction Reinsurer webpage