CT | The Connecticut Insurance Department has issued a bulletin regarding 2018 & 2019 reporting requirements for foreign surplus lines insurers.
Section 38a 740 6(b)(l) of the Regulations of Connecticut State Agencies requires that each foreign eligible surplus lines insurer shall annually, on or before the first day of March, submit to the Commissioner a true and complete report signed and sworn to by its president, or a vice president and secretary, or an assistant secretary of its financial condition on the thirty first day of December.
As provided in the Regulations of Connecticut State Agencies §38a 740 6(b)(3), foreign eligible surplus lines insurers will be required to report their financial condition on a quarterly basis in 2019 to the Department of Insurance in the same manner as noted above. Reports should include a breakdown of the company’s Connecticut business showing premiums and losses by line.
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