Risk Retention Group Annual Registration Renewal

The California Risk Retention Act of 1991, as amended by statute in 1995, includes a provision for renewal of risk retention group registrations. Specifically, Insurance Code section 132(j) provides that each risk retention group shall make its initial registration by filing the material specified in California Insurance Code section 132(a). The initial registration is valid until December 31 of the year in which it was made, as long as the risk retention group is in compliance with California Insurance Code sections 125 through 140, inclusive.

To maintain the registration in force, the risk retention group shall continue in compliance with California Insurance Code sections 125 through 140, inclusive, and shall file the following items with the Commissioner on or before December 31 of each year:

1. An annual reporting statement on a form prescribed by the Commissioner.
2. An annual renewal fee to be determined by the Commissioner, limited to the actual cost of administering this section, not to exceed $300.
3. Any other information required by the Commissioner to determine whether the risk retention group is in compliance with the requirements of those code sections.

Each risk retention group should submit a completed Risk Retention Group Annual Renewal Statement with the renewal fee of $300 on or before December 31 of each year, either:

• electronically through our Online Assistance System for Insurer Submittals (OASIS) or CAB-SF-Intake@insurance.ca.gov
• mail the original form with a check payable to the California Department of Insurance at 1901 Harrison Street, 6th Floor, Oakland, CA 94612.

For technical assistance regarding OASIS, please contact OASIS@insurance.ca.gov.

In addition to the annual reporting statement, a risk retention group will need to file these additional items at the following times and places: