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Code · Connecticut · Title 38a — Insurance · CHAPTER 698 — Insurers

Sec. 38a-91kk. Reinsurance.

119 words·~1 min read·/ct/title-38a/chapter-698-insurers/38a-91kk·

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(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.
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