In order to do business in the State of Minnesota, every insurance company, including fraternal benefit societies, township mutuals and reciprocal exchanges, must file with the Commissioner every year on or before March 1.
We provide the forms, instructions, fee schedules and risk questionnaires to help with your company filing.
Financial filing instructions for annual statements for Accredited Prop/Casualty Reinsurers, Alien Surplus Lines, Authorized Prop and Casualty Insurers, Fraternal Societies, Health Insurers, Hospital, Medical, Dental & Indemnity Corp (Non Profit), Life, Accident & Health Ins and Accredited Life Reinsurer, Risk Retention Groups, Title Insurers, and Trusteed Reinsurers.
If the company is domiciled in Minnesota, the following guidance must be followed upon the appointment or replacement of the appointed actuary:
The required documentation should be sent by mail to:
Minnesota Department of Commerce
Insurance Division
85 7th Place East, Suite 280
St. Paul, MN 55101
If the company is not domiciled in Minnesota, no notification is required.
If you have questions, you may contact Barb Carey, Audit Director, at barbara.carey@state.mn.us or 651-539-1757.
Jennifer Price, Licensing Director
Minnesota Department of Commerce
Insurance Division
85 7th Place East, Suite 280
St. Paul, MN 55101
jennifer.price@state.mn.us
State law requires the Commissioner of Commerce to prescribe a basis upon which a township mutual insurance company maintains its records reflecting the true financial condition of the company.
The following documents provide information on state law governing township mutual insurance companies and include downloadable copies of required forms and filings.
Filings to change the Articles of Incorporation must contain:
Domestic Company
An insurer formed under the laws of Minnesota.
Foreign Company
An insurer formed under the laws of a state or territory of the United States, other than Minnesota.
Alien Company
An insurer formed under the laws of a country other than the United States.
Accredited Reinsurer
An insurer which is not licensed in Minnesota, but which is accredited to reinsure business written by domestic companies.
Township Mutual
An insurer which is licensed to write certain types of business, within a certain geographic area, generally a township or county.
Surplus Lines Company
An insurer, which is recognized as eligible to write business which is generally not available from licensed insurers.
Risk Retention Group
An insurer chartered and licensed in its state of domicile to write only liability insurance. It may become registered in other states, however, it differs from a licensed insurer, or surplus lines company, in that Federal law, to a large extent, prohibits state, other than the state of domicile, from financial regulation of a risk retention group.