Get Form D Instructions For - Scc Virginia

Filling out the Form D is an important step for insurers seeking approval for certain transactions in Virginia. This guide will assist you in completing the required form accurately and efficiently to comply with the regulations set forth by the Virginia State Corporation Commission.

Follow the steps to fill out the FORM D effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by supplying the identifying information for each party involved in the transaction. This includes the name, home office address, principal executive office address, organizational structure, and a brief description of the nature of the party's business operations.
3. Clearly outline the transaction details. Indicate whether you are filing under specific subsections of § 38.2-1331 of the Code of Virginia and provide a description of the transaction's nature and its proposed effective date.
4. For transactions involving sales, purchases, or loans, provide a brief description, including amounts, sources of funds, and any terms related to the transaction. Be sure to state the impact on the insurer's surplus.
5. When documenting loans or extensions of credit to non-affiliates, include a description of how the funds will be used and the agreement details, along with any effects on the insurer's surplus.
6. If the transaction involves a reinsurance treaty, provide a detailed description of the liabilities covered and other relevant considerations.
7. Outline any management, service, or cost-sharing agreements, detailing the responsibilities and duration of the agreements.
8. At the end of the form, include your signature and necessary notary information to complete the submission.
9. Finally, ensure that you save any changes, and decide whether you need to download, print, or share the completed form.

Begin navigating your document filing process online today.