Step 1. Call or email the Captive Division for an initial consultation to arrange a meeting or phone call depending on the complexity of the proposed captive.to discuss the proposed captive and obtain initial reactions from the department.
Step 2. The Application may select a captive manager who is one of the Recognized Managers in Connecticut. The prospective captive owner can rely on the service provider’s expertise in captive insurance management.
Step 3. Conduct a feasibility study and develop a business plan.
Step 4. Select captive structure that fits your business needs and is listed by Connecticut Captive law.
Step 5. Prepare organizational documents and application and submit to the CID for review and approval.
Step 6. The goal of the CID is to complete its review of the Application between 5 and 20 business days following receipt of a complete application.
Step 7. Organizational documents will need to be filed with the Connecticut Secretary of State once approved by the CID.
Step 8. CID Issues license
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