Submit the previous 3
years' Financial Statements or Financial Projections.
Submit the Report of
Operation or feasibility study which includes the coverages, deductibles,
coverage limits, rates, and rating classification systems for each line of
insurance that the RRG intends to offer.
Submit financial statement
certified by an independent public accountant that contains a statement of
opinion of loss and loss adjustment expense reserves made by a member of the
American Academy of Actuaries or a qualified loss reserve specialist.
Submit a copy of the
most recent examination and/or audit.
Submit copy of Reinsurance
Agreements.
Submit historical and/or
expected loss experience.
Any appropriate opinions
by a qualified, independent casualty actuary which includes a determination
of the minimum premium levels required in order for the RRG to commence operations
and prevent hazardous financial conditions.
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