Licensed Financial Institutions
Licensed Financial Entities
International Insurance
All applications must be made through a licensed Registered Agent within the state.
There are five (5) classes of International Insurance Companies:
About International Insurance Entities and Types
- Class I- Unrestricted: Insurers can carry on any international insurance business, including long term insurance.
- Class II- General: Insurers can carry on general but not long-term international insurance business.
- Class III- Association: Insurers can carry on general and long-term international insurance business with two or more owners of the insurer and/or their affiliates, and up to 30% of business with.
- Class IV- Group: Insurers can carry on general and/or long-term international insurance business with one owner, its affiliates and employees.
- Class V- Single: Insurers may carry on international insurance business with the sole owner of the insurer, in the case of a company, or with the beneficial owners of the insurer, in the case of a trust.
