The Connecticut Insurance Department published a press release announcing an updated captive insurance division website. The site provides information to the public and the industry of Connecticut's captive insurance program.
The Department highlights the new eligibility screening tool, which can help users determine whether a captive structure would work for them. The tool can help assess whether a proposed captive will meet the standards before a formal application process.
Other highlights include improved navigation and clearer guidance on regulatory requirements and processes, and an updated layout for easier access to key resources. The Department states that they are committed to supporting the growth of the state's captive division.
The press release can be found here.
Ray Sugrim
Ray Sugrim is an Insurance Editor with FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Ray is responsible for helping develop and edit content for subscribers. Ray is a St John’s University graduate with a degree in Risk Management & Insurance and is a CPCU candidate.