Risk Retention Group: Foreign

Title 38, Chapter 87 of the South Carolina Code of Laws details the regulations for risk retention groups.
 
Licensing
Please complete the following documentation and submit the information as a complete package to the attention of Chief Financial Analyst G. Lee Hill, Jr.
  • Application for Registration as a Risk Retention Group, Form 1030
  • Appointment of Attorney to Accept Service, Form 1027
  • Biographical Affidavit, NAIC Form 11
    • An affidavit should be submitted on each office and director of the risk retention group.
  • Certification
    • The certification must be completed by the Risk Retention Group's domiciliary insurance department.
  • Licensing fee of $1,200
    • The check should be made payable to the South Carolina Department of Insurance.