Uniform Certificate of Authority Application (UCAA)

Iowa Specific Requirements for UCAA Expansion Application

  • Seasoning requirement
    Three years of active operation for applicant, proving itself a good going concern. This requirement may be reduced to two years by consent of the Insurance Commissioner. Requirement may be waived if the applicant is a wholly-owned subsidiary of a currently admitted company.
  • Current examination report
    The examination report must have an as of date not more than three years prior to the date of application. If the applicant has a stale examination report, it may submit for consideration in lieu thereof, a parental surplus guarantee. This guarantee would be adopted under Board Resolution of the parent company, and guarantee that capital and surplus of the applicant would be maintained at levels commensurate with Iowa’s statutory minimum requirements.
    View a sample parental surplus guarantee.

Clarification of other UCAA Expansion Application items

NAIC biographical data, using current format, for all officers and directors appearing on the jurat page of the most recent financial statement or quarterly report. This information must be submitted in original form and be current within the previous twelve month period.

Independent third party verification of biographical affidavits is required. These reports must be submitted to the Division directly by the vendor.

NAIC Information

The National Association of Insurance Commissioners (NAIC) provides additional information about the Uniform Certificate of Authority Application (UCAA).

Foreign admitted companies may make the following changes to their certificates of authority by utilizing the NAIC's UCAA corporate amendment package:

  • Company Name Change
  • Company Redomestication
  • Change in City of Domicile
  • Add/delete a line of business on existing Certificate of Authority
  • Merger of two licensed foreign insurers

Consent to Service of Process

For changes in service of process information, complete the Uniform Consent to Service of Process form available on this page and forward to our Financial Regulation Bureau.

Page revised July 3, 2007

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