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STATE OF CONNECTICUT CAPTIVE INSURANCE COMPANY IRREVOCABLE LETTER OF CREDIT (TEMPLATE) Letter of Credit No. (00001) State of Connecticut Insurance Department P.O. Box 816 Hartford, CT 061420816 ATTN:
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Captive insurance - irrevocable is a type of insurance company established to provide coverage for the risks of its parent company and other related entities and is typically structured as an irrevocable arrangement.
Companies that have established captive insurance - irrevocable arrangements are required to file the necessary documentation with the appropriate regulatory authorities.
To fill out captive insurance - irrevocable documentation, companies must provide detailed information about the structure of the arrangement, the risks being covered, and the financial standing of the captive insurance company.
The purpose of captive insurance - irrevocable is to provide the parent company and related entities with a customized and cost-effective insurance solution that meets their specific risk management needs.
Information that must be reported on captive insurance - irrevocable includes details about the risks being covered, the premiums paid, the claims history, and the financial performance of the captive insurance company.
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