Form CID-APP Application for a Captive Insurance Company License - Arizona

What Is Form CID-APP?

This is a legal form that was released by the Arizona Department of Insurance and Financial Institutions - a government authority operating within Arizona. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is CID-APP?A: CID-APP is the application form for a Captive Insurance Company License in Arizona.

Q: What is a Captive Insurance Company?A: A Captive Insurance Company is an insurance company that is formed to insure the risks of its parent company or affiliated companies.

Q: How do I apply for a Captive Insurance Company License in Arizona?A: You can apply for a Captive Insurance Company License in Arizona by submitting the CID-APP application form.

Q: What information is required in the CID-APP application form?A: The CID-APP application form requires information about the applicant company, its owners and officers, its financials, and other relevant details.

Q: How long does it take to process the CID-APP application?A: The processing time for the CID-APP application can vary, but it generally takes several weeks to a few months.

Q: Can I operate a Captive Insurance Company in Arizona without a license?A: No, operating a Captive Insurance Company in Arizona without a license is illegal.

Q: Are there any specific requirements or qualifications to be eligible for a Captive Insurance Company License in Arizona?A: Yes, there are specific requirements and qualifications that must be met to be eligible for a Captive Insurance Company License in Arizona. These can be found in the CID-APP application form and the Arizona Revised Statutes.

Q: Can I apply for a Captive Insurance Company License in Arizona if I am not a resident of the state?A: Yes, non-residents are eligible to apply for a Captive Insurance Company License in Arizona.