CID: Captive Insurance Regulation

John C. Thomson, Program Manager

2015 Connecticut Captive Insurance Association Symposium

Save The Date "October 15, 2015 (7:30 am - 6:30 pm) at Stamford, CT Sheraton"
Symposium on Captive Insurance in Connecticut

{2015 CT Captive Insurance Symposium}


  • NAIC Focus on Captives
  • Latest IRS and Major Captive Tax Case Updates
  • The Myths of Offshore Captives
  • Creative Captive Solutions for Middle/Small Markets
  • Captive Success Stories - New Captives, Re-domestication and/or Coverage Expansion
  • Captive Solutions for Hospitals (Malpractice Liabilities)
  • Captive Solutions for Employer Liabilities to Employees and Dependents (i.e., Medical Stop Loss)
  • Cyber Risk Update, Including Differences Among Industries
  • The Frontier of Insurance-Linked Securities as a Captive Vehicle
  • Forecasting and Analytics: Necessary Tools for the Success of your Captive

 Symposium Sneak Peak
Healthcare Captives – From Alternative to Mainstream

Healthcare captives are no longer the alternative market for insurance protection – they are the market. By leveraging intellectual capital, captives have proven to be incredibly successful in filling insurance coverage gaps and financing medical liability exposure. In this session titled “Captive Capital Optimization: Leveraging Your Healthcare Captive’s Intellectual Capital” you will hear from experienced healthcare risk management specialists on transforming your health system with intellectual and financial capital generated within the captive insurance subsidiary. The experts will focus on translating data from adverse events to data for improving outcomes and clinical behaviors. Learn how a captive can be a strategic driver of organizational and professional change!

Join the discussion with Tracey Le May, Chief Administrative Officer, Masonicare, C. Lubin-Szafranski, JD, Vice President/General Counsel, Department of Legal Services, St. Francis Care, Rocco Mancini, Captive Advisory Consultant, Marsh Captive Solutions and moderator Jerry Theodorou, Vice President, Conning.

Still Revolutionary: The State of Captive Insurers

Connecticut is taking a unique approach to the captive market – different from other US and non-US domiciles.  As the “insurance capital” in the US, the Captive Division of the State of Connecticut Insurance Department is working beyond a pure regulatory regime, and focusing on enabling captive owners to create a sustainable risk financing vehicle as a captive insurance subsidiary.  The objective is to attract captives to the state, which form part of the owner’s strategic initiatives and finance structure. (Read more....)

DEFINITIONS: A captive insurance company is wholly owned and controlled by a parent company or association, and operates to insure the parent’s own risks. In Connecticut, a captive is defined as any pure captive insurance company, association captive insurance company, industrial insured captive insurance company, risk retention group, sponsored captive insurance company, or special purpose financial captive insurance company that is domiciled in the state and formed or licensed under the provisions of the Connecticut Insurance Statues and Regulations.

CAPTIVE INSURANCE DIVISION: The Captive Insurance Division evaluates licenses, regulates and examines the captive insurers and risk retention groups in the alternative risk market for the State of Connecticut. The alternative risk insurance market refers to a number of risk funding techniques, such as self-insurance, paid loss plans, insurance purchasing groups, and risk retention groups that are outside the scope of that provided by most traditional Property & Casualty or Life & Health insurers. Read more on the Captive Insurance Division



Applications for Recognition:

  • $800 application fee
  • $375 annual license fee

  • License Renewal and fee due on or before April 1 of each year;
  • Premium Tax Filing and Payment due on or before March 1 of each year for Direct premium taxes and March 31 for Assumed premium taxes;
  • Annual Report due dates – please see Bulletin No. FS-4C-13 linked below;
  • Audited financial statements:
    • December 31 Year End – June 1.
    • Fiscal Year End – 150 days after fiscal year end.


Captives News

Content Last Modified on 10/2/2015 10:39:40 AM