Sec. 38a-91k. Captive insurers: Information to be submitted to commissioner.
Sec. 38a-91k. Captive insurers: Information to be submitted to commissioner.
Each captive insurer that offers, renews or continues insurance in this state shall provide
the information described in subdivisions (1) to (3), inclusive, of subsection (a) of section
38a-253 to the Insurance Commissioner in the same manner required for risk retention
groups. If a captive insurer does not maintain information in the form prescribed in
section 38a-253, the captive insurer may submit the information to the Insurance Commissioner on such form as the commissioner prescribes. As used in this section and
section 38a-25, "captive insurer" means an insurance company owned by another organization whose primary purpose is to insure risks of a parent organization or affiliated
persons, as defined in section 38a-1, or in the case of groups and associations, an insurance organization owned by the insureds whose primary purpose is to insure risks of
member organizations and group members and their affiliates.
(P.A. 05-275, S. 16.)
History: P.A. 05-275 effective July 1, 2005.