State Codes and Statutes

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

      Sec. 38a-91qq. Regulations. The Insurance Commissioner may adopt regulations, in accordance with chapter 54, to establish standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company, except that until such regulations are approved, the commissioner may approve the coverage of such risks by a pure captive insurance company.

      (P.A. 08-127, S. 17.)

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

State Codes and Statutes

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

      Sec. 38a-91qq. Regulations. The Insurance Commissioner may adopt regulations, in accordance with chapter 54, to establish standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company, except that until such regulations are approved, the commissioner may approve the coverage of such risks by a pure captive insurance company.

      (P.A. 08-127, S. 17.)

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