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application for a limited certificate of authority with the | | superintendent and pay the application fee specified in section | | 601, subsection 1.__A complete application must include the | | following: |
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| | | A.__An affidavit verifying that each prospective organizer | | meets the requirements of this subchapter; |
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| | | B.__A representation that the prospective organizer intends | | to form a special purpose reinsurance vehicle that operates | | in accordance with the requirements under this subchapter; |
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| | | C.__The proposed name of the special purpose reinsurance | | vehicle; |
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| | | D.__Biographical affidavits of all organizers setting forth | | their legal names, any names under which they have conducted | | or are conducting their affairs and any names of any person | | affiliated, as defined in section 222, with any organizer, | | together with such other biographical information as the | | superintendent may request; |
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| | | E.__The source and form of the minimum capital to be | | contributed to the special purpose reinsurance vehicle; |
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| | | F.__Any persons with which the special purpose reinsurance | | vehicle is or upon formation will be affiliated as defined | | in section 222; |
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| | | G.__The names and biographical affidavits of the proposed | | members of the board of directors and principal officers of | | the special purpose reinsurance vehicle pursuant to section | | 790, setting forth their legal names, any names under which | | they have conducted or are conducting their affairs and any | | names of any person affiliated, as defined in section 222, | | with any proposed director or officer, together with such | | other biographical information as the superintendent may | | request; |
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| | | H.__A plan of operation, consisting of a description of the | | contemplated insurance securitization, the special purpose | | reinsurance vehicle contract and related transactions, which | | must include: |
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| | | (1)__Draft documentation or at the discretion of the | | superintendent a written summary of all material agreements that | | are planned in order to effectuate the insurance securitization | | and the related contract, including the names of the ceding | | insurers, the nature of the risks being assumed and the maximum | | amounts, |
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