The Connecticut Insurance Department issued three bulletins on November 17, 2015, each of which mandate financial reporting by insurers to the Department.Bulletin Number FS-4AR-15 requires all accredited reinsurers doing business in Connecticut to submit to the Department a report of its financial condition as of December 31, 2015, by March 1, 2016, as well as a copy of the company’s 2015 independent audit report, by June 1, 2016. Bulletin Number FS-4C-15 requires each captive insurance company domiciled or licensed in Connecticut to file financial reports with the Department by either March 1 or March 15, 2016, depending on the type of captive. Finally, Bulletin Number FS-4SL-15 requires each foreign eligible surplus lines insurer to submit a report of its financial condition to the Department on a quarterly basis.
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