Reinsurance intermediaries solicit, negotiate or place reinsurance cessions or retrocessions on behalf of a ceding insurer. In Washington, reinsurance intermediaries are classified as either brokers or managers.
Reinsurance intermediary brokers act on behalf of the ceding insurer but don’t have any authority or power to bind reinsurance.
Reinsurance intermediary managers can be a person, a firm, association or a corporation with authority to bind or manage all or part of the reinsurance business on behalf of a reinsurer.
Before you apply
If you are applying as a reinsurance intermediary broker or manager, it is your responsibility to understand RCW 48.94 and WAC 284-13 and other applicable statutes.
Brokers
If you have an office in Washington, you need to register with our office.
If you have an office in another state, you need to register with our office unless you are licensed in another state that has substantially similar regulations.
Managers
If you are a Washington domestic reinsurer, you need to be registered as a reinsurance intermediary-manager.
If you are a foreign reinsurer, you need to be registered as a reinsurance intermediary-manager, unless you are licensed in another state that has substantially similar regulations.
If you don’t have an office in Washington, you need to be a licensed Reinsurance Intermediary-Manager before you can provide intermediary-manager services.
How to apply
- Complete the reinsurance intermediary application packet (PDF 234.50KB). Make sure you check the box for broker or manager. Include a completed service of process form (PDF 802.93KB).
- Print your completed application and have it signed by an authorized officer and notarized.
- Combine the application, supplemental documents and any cover letter into a single PDF document.
- Attach your PDF and submit your application via email.
- Submit your application fee ($50 for brokers, $100 for managers) to one of our mailing addresses:
Application fee
The fee to register as a broker is $50, and the fee to register as a manager is $100.
Mailing address:
Attn: Company Supervision Division
Office of the Insurance Commissioner
P.O. Box 40255
Olympia, WA 98504-0255
Delivery address:
Attn: Company Supervision Division
Office of the Insurance Commissioner
5000 Capitol Blvd SE
Tumwater, WA 98501
The P.O. Box mailing address will only accept deliveries from USPS. All non-USPS shippers must use the
street adress. Use of an incorrect address may result in a returned application fee.
We acknowledge applications upon receipt.
After you apply
Applications are assigned to our analysts in the order they're received. Once assigned, an analyst will reach out to the contact listed in question 9 in your application. If there's someone else who should be contacted, be sure to include their contact information in your application.
If you meet all requirements and any errors in your application are resolved within 15 business days, we'll issue your license by email.
How to renew
Licenses expire one year from the issue date unless renewed. You can renew your license by paying a renewal fee before the expiration date:
- Broker renewal fee is $50
- Manager renewal fee is $100
There are no annual reports, but you must report any changes to the information provided with your application within 15 business days of the material change. See WAC 284-13-715 for complete details.