Connecticut Administrative Code
Title 38a - Insurance Department
72 - Risk Based Capital For Insurers
Section 38a-72-9 - Supplemental provisions; Exemption
Universal Citation: CT Reg of State Agencies 38a-72-9
Current through March 14, 2024
(a) The provisions of sections 38a-72-1 to 38a-72-13, inclusive, are supplemental to any other provisions of the laws and regulations of this state, and shall not preclude or limit any other powers or duties of the commissioner under such laws or regulations, including, but not limited to, Chapter 704c of the General Statutes and sections 38a-8-101 to 38a-8-104, inclusive.
(b) The commissioner may exempt from the application of sections 38a-72-1 to 38a-72-13, inclusive, any domestic property and casualty insurer which:
(1) writes direct business only in this
state;
(2) writes direct annual
premiums of two million dollars ($2,000,000) or less; and
(3) assumes no reinsurance in excess of five
percent (5%) of direct premium written.
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