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