An agency captive insurance company may be incorporated as (1) a stock insurer with its capital divided into shares and held by the stockholders, (2) a nonprofit corporation with one or more members, or (3) a manager-managed limited liability company.
Conn. Gen. Stat. § 38a-91ww
Agency captive insurance companies. Corporate form
(P.A. 18-151, S. 1.) History: P.A. 18-151 effective July 1, 2018.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.