Sec. 38a-91kk. Reinsurance.
Sec. 38a-91kk. Reinsurance. (a) Any captive insurance company may assume
reinsurance from any other insurer only on risks that such company is authorized to
write directly.
(b) A captive insurance company may only take credit for the reinsurance of risks
or portions of risks ceded to reinsurers that complies with the provisions of section 38a-85 or 38a-86.
(c) For purposes of sections 38a-91aa to 38a-91qq, 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.
(P.A. 08-127, S. 11.)
History: P.A. 08-127 effective January 1, 2009.