Section 38a-91kk - Reinsurance(a) Any captive insurance company may assume reinsurance from any other insurer. (b) A captive insurance company may only take credit for the reinsurance of a risk or portion of risk ceded to reinsurers that comply with the provisions of sections 38a-85 to 38a-88, inclusive, unless the commissioner has given prior written approval allowing the captive insurance company to take credit for the reinsurance of a risk or portion of risk ceded to reinsurers that do not comply with the provisions of said sections.(c) For purposes of sections 38a-91aa to 38a-91tt, 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.Conn. Gen. Stat. § 38a-91kk
( P.A. 08-127 , S. 11 ; Oct. Sp. Sess. P.A. 11-1 , S. 65; P.A. 14-6 , S. 5 ; 14-235 , S. 13 .)
Amended by P.A. 22-0118, S. 445 of the Connecticut Acts of the 2022 Regular Session, eff. 7/1/2022.Amended by P.A. 14-0235, S. 13 of the Connecticut Acts of the 2014 Regular Session, eff. 10/1/2014.Amended by P.A. 14-0006, S. 5 of the Connecticut Acts of the 2014 Regular Session, eff. 10/1/2014.Amended by P.A. 11-0001, S. 65 of the 2011 October Special Session, eff. 7/1/2012.