To: All Registered Risk Purchasing Groups
California Insurance Code (CIC) Section 134(e) requires annual re-registration of a risk purchasing group in order to keep its registration current. Each risk purchasing group must file its renewal materials on or before January 31 of each year. In addition, CIC Section 130(b)(1) and (2) requires that a risk purchasing group be registered in its domiciliary state to do business under the Federal Liability Risk Retention Act (15 U.S.C. Section 3901 et seq.)
The risk purchasing group must file the California Annual Re-Registration Statement and pay the annual renewal fee of $200.00 on or before January 31 of each year in order to maintain its active status in California.
Please be advised that risk purchasing groups may file their renewal statements electronically through our (OASIS) Online Assistance System for Insurer Submittals or mail the original form with filing fee made payable to the Insurance Commissioner, California Department of Insurance to my attention at our San Francisco Office, 45 Fremont Street, 24th Floor, San Francisco, CA 94105. Also, for technical assistance regarding OASIS, please contact us via e-mail at Oasis@insurance.ca.gov.
If the department does not hear from the risk purchasing group by January 31, CDI will assume that the risk purchasing group no longer wishes to maintain active status in California and therefore, the group may no longer operate, solicit or otherwise transact its business in California. Should the group wish to become active in California at a later date, it will need to submit the required original Notice and Registration Statement, all supporting documentation, and pay the initial registration fee in effect at that time.
Should you have any questions, please contact me.
Very truly yours,
Pretrice M. Curry-Bossett
Senior Legal Analyst
California Department of Insurance