Connecticut
- Year captive legislation was passed
- Sign in to see more data
- Total number of captives as of year-end 2022
- Sign in to see more data
- Number of pure / single parent captives as of 2022
- 29
- Number of risk retention groups (RRGs) as of 2022
- 2
- Number of sponsored / cell company captives as of 2022
- 11
- Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch) as of 2022
- Sign in to see more data
- Total gross premium written and assets under management (AuM) as of year-end 2021
- Gross premium: USD $703,459,847; AuM: USD $3,333,657,128
- 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
- Number of full-time employees in captive regulatory department
- 3
-
Initial licensing and incorporating fees required by the domicile
?tooltip content
- Sign in to see more data
- Annual filing requirements
- Sign in to see more data
- Annual fees
- Sign in to see more data
- Premium tax rate
- Sign in to see more data
- 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. Commissioner has authority to require reduced capital amounts according to the captive’s risk profile.
- 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
- Sign in to see more data
- Speed of licensing
- 1-4 weeks
- Regulator
- Sign in to see more data
- Address and contact information of Regulatory Department
- Sign in to see more data
- Website Address
- https://www.ct.gov/cid