[Last updated: 27/07/16]
Regulatory contact:
Janet S. Grace, Head Captive Division / Captive Insurance Programs & Risk Retention Groups

State of Connecticut Insurance Department, P.O. Box 816, Hartford,CT 06142. 

Telephone Number 860 297 3813
Email Address:

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:

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