20-1096.05

20-1096.05. Annual reports; renewal of certificate of authority

A. No later than April 1 of each year, a mechanical reimbursement reinsurer shall submit to the director a report written in a form designated by the director and signed by the president and secretary of the reinsurer that clearly indicates the method being used to determine policy and loss reserves and the amount in the policy and loss reserves.

B. The reinsurer shall accompany the annual report with an application for renewal of the certificate of authority, together with the fee prescribed in section 20-167.