Connecticut

 
Total number of active captives
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Number of active captives (pure)
11
Number of active captives (group/association)
1
Gross written premium for all captives
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Total number of active captives, as of 12/31/2018
14
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
3
Annual fees
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Premium tax rate
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Minimum capital (broken out by type of captive)

The minimum capital requirements for these structures are: pure and special purpose financial, $250,000; sponsored and sponsored licensed as a special purpose financial vehicle, $225,000; association, industrial insured, $500,000; risk retention group, $1 million.

Applicable Acts/Enabling Legislation
CGS Sec. 38a-91aa - Sec. 38a-91tt; Chapter 698c Secs. 38a-250 to 38a-270 Risk Retention Groups
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
30 days; FASTER depending on completeness of application
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.ct.gov/cid