The Captive Insurance Division of the Connecticut Insurance Department provides a risk-focused and business-friendly regulatory framework that attracts quality companies and enhances the state’s reputation in the captive industry. It supports captive insurers by promoting financial stability, maintaining high professional standards, and fostering a strong, sustainable environment for captive growth, while recognizing their unique role in insurance and risk management.

Under Regulations of Connecticut State Agencies Sec. 38a-8-3, the Captive Insurance Division is responsible for:

• Providing a structured regulatory process for the initial evaluation of, licensing of, reporting by and examination of captive insurance companies domiciled in Connecticut.
• Assessing and evaluating the strategies and their execution by captive insurance entities, to help ensure operational success and sustain financial strength.
• Working to protect the consumers and beneficiaries of captive insurance companies by ensuring that the insurance or risk financing entities can meet their contractual and financial obligations.
• Seeking to understand the impacts of financial, operational and underwriting (risk acceptance) challenges on captive and risk retention group capital and their related costs.
• Establishing standards for business and professional support organizations that work with captive entities in Connecticut, including actuaries, captive managers, accountants, and auditors; and
• Supporting a business environment for the growth and prosperity of the captive insurance industry in Connecticut.

Questions should be directed to Fenhua Liu, Assistant Deputy Commissioner and Director of Captive Insurance, by email at Fenhua.liu@ct.gov or by phone at (860) 256-7925