Sec. 38a-91kk. Reinsurance. - Connecticut Statutes

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Statutes > Connecticut > Title38a > Chap698 > Sec38a-91kk

      Sec. 38a-91kk. Reinsurance. (a) Any captive insurance company may assume reinsurance from any other insurer only on risks that such company is authorized to write directly.

      (b) A captive insurance company may only take credit for the reinsurance of risks or portions of risks ceded to reinsurers that complies with the provisions of section 38a-85 or 38a-86.

      (c) For purposes of sections 38a-91aa to 38a-91qq, inclusive, insurance by a captive insurance company of any workers' compensation qualified self-insured plan of its parent and affiliates shall be deemed to be reinsurance.

      (P.A. 08-127, S. 11.)

      History: P.A. 08-127 effective January 1, 2009.

State Codes and Statutes

Statutes > Connecticut > Title38a > Chap698 > Sec38a-91kk

      Sec. 38a-91kk. Reinsurance. (a) Any captive insurance company may assume reinsurance from any other insurer only on risks that such company is authorized to write directly.

      (b) A captive insurance company may only take credit for the reinsurance of risks or portions of risks ceded to reinsurers that complies with the provisions of section 38a-85 or 38a-86.

      (c) For purposes of sections 38a-91aa to 38a-91qq, inclusive, insurance by a captive insurance company of any workers' compensation qualified self-insured plan of its parent and affiliates shall be deemed to be reinsurance.

      (P.A. 08-127, S. 11.)

      History: P.A. 08-127 effective January 1, 2009.

State Codes and Statutes

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State Codes and Statutes

Statutes > Connecticut > Title38a > Chap698 > Sec38a-91kk

      Sec. 38a-91kk. Reinsurance. (a) Any captive insurance company may assume reinsurance from any other insurer only on risks that such company is authorized to write directly.

      (b) A captive insurance company may only take credit for the reinsurance of risks or portions of risks ceded to reinsurers that complies with the provisions of section 38a-85 or 38a-86.

      (c) For purposes of sections 38a-91aa to 38a-91qq, inclusive, insurance by a captive insurance company of any workers' compensation qualified self-insured plan of its parent and affiliates shall be deemed to be reinsurance.

      (P.A. 08-127, S. 11.)

      History: P.A. 08-127 effective January 1, 2009.