[Last updated: 27/07/16]
State of Connecticut Insurance Department, P.O. Box 816, Hartford,CT 06142. 

Telephone Number 860 297 3813

Name of Captive Legislation       
Connecticut General Statutes: 38a-91aa to 38a-91tt, inclusive; 38a-250 to 38a270 RRGs

Year Legislation Passed                                 
Original: 2008

Recent Amendments                      
Revised: 2011. Updated: 2014 (SB 188);
RRGs updated 2016 (SB 436, PA 16-206)

Do you allow Cell Captives?        
Yes (Sponsored Captive Insurance Companies)

Total Number of Licenced Captives 

Number of Risk Retention Groups or Group Captives  
1 Domiciled RRG; 139 Registered RRGs

Number of Single Parent Captives            

Number of Cell Captives                               

Number of licences granted in the past year (2015 calendar year)             

Approximate (or Average) length of time to process a new captive  
Upon receipt of complete application, 15 days (performance standard is 30 days)

Captive tax rates     
Direct Premium: 0.38% on first US$20m; 0.285% on next US$20m; 0.19% on next US$20m; 0.072%, thereafter.  Assumed premiums taxed at a lower rate. Premium taxes are subject to a maximum of US$200,000; minimum: US$7,500, per year.

Minimum capitalisation rate
Pure Captive Insurance Company: US$250,000; Association Captive Insurance Company: US$500,000; Sponsored Captive Retention Group Captive Insurance Company: US$1,000,000Insurance Company: US$500,000; Special Purpose Financial Captive Insurance; Risk

Licencing fees
Annual License Fee: US$375. Application Fee: US$800

Industry sectors best represented in the domicile

Top 5 uses for captives in the domicile

  • Standard Commercial Lines deductible buy down (Workers Compensation, General Liability, Automobile Liability)
  • Medical Stop Loss
  • Professional Liability (E&O for numerous professions)
  • Property DIC coverage

Total premiums received by the Captives             
115 million $USD

Captive Insurance Managers registered to conduct business in the domicile
Registered service provider directory available at: