R.C.S.A. § 38a-88 Appendix A
R.C.S.A. § 38a-88 Appendix A
Cite as Conn. Agencies Regs. § 38a-88 Appendix A
FORM AR-1
CERTIFICATE OF ASSUMING INSURER
I, _______________________________, ________________________________
(name of officer) (title of officer)
of______________________________________________, the assuming insurer
under a reinsurance agreement(s) with one or more insurers domiciled in the State
of Connecticut, hereby certify that
_______________________________________________ ("Assuming Insurer"):
(name of assuming insurer)
1. Submits to the jurisdiction of any court of competent jurisdiction within the State
of Connecticut for the adjudication of any issues arising out of the reinsurance agreement(s),
agrees to comply with all requirements necessary to give such court jurisdiction,
and will abide by the final decision of such court or any appellate court in the event
of an appeal. Nothing in this paragraph constitutes or should be understood to constitute
a waiver of (Assuming Insurer’s) rights to commence an action in any court of competent
jurisdiction in the United States, to remove an action to a United States District
Court, or to seek a transfer of a case to another court as permitted by the laws of
the United States or of any state in the United States. This paragraph is not intended
to conflict with or override the obligation of the parties to the reinsurance agreement
to arbitrate their disputes if such an obligation is created in the agreement(s).
2. Designates the Insurance Commissioner of the State of Connecticut as its lawful
attorney upon whom may be served any lawful process in any action, suit or proceeding
arising out of the reinsurance agreement(s) instituted by or on behalf of the ceding
insurer.
3. Submits to the authority of the Insurance Commissioner of the State of Connecticut
to examine its books and records and agrees to bear the expense of any such examination.
4. Submits with this form a current list of insurers domiciled in the State of Connecticut
reinsured by Assuming Insurer and undertakes to submit additions to or deletions from
the list to the Insurance Commissioner at least once per calendar quarter.
Dated: ______________ _________________________________________
(name of assuming insurer)
BY: __________________________________
(name of officer)
__________________________________
(title of officer)