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General Assembly Raised Bill No. 908
January Session, 2019
LCO No. 4519
Referred to Committee on INSURANCE AND REAL
ESTATE
Introduced by:
(INS)
AN ACT AUTHORIZING FOREIGN BRANCH CAPTIV E INSURANCE
COMPANIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. Section 38a-91aa of the general statutes is repealed and 1
the following is substituted in lieu thereof (Effective July 1, 2019): 2
As used in sections 38a-91aa to 38a-91tt, inclusive, as amended by 3
this act, and sections 38a-91ww and 38a-91xx: 4
(1) "Affiliated company" means any company in the same corporate 5
system as a parent, an industrial insured or a member organization by 6
virtue of common ownership, control, operation or management. 7
(2) "Agency captive insurance company" means a captive insurance 8
company that: 9
(A) Is owned or directly or indirectly controlled by one or more 10
insurance agents or insurance producers licensed in accordance with 11
sections 38a-702a to 38a-702r, inclusive; 12 Raised Bill No. 908
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(B) Only insures against risks covered by insurance policies sold, 13
solicited or negotiated through the insurance agents or insurance 14
producers that own or control such captive insurance company; and 15
(C) Does not insure against risks covered by any health insurance 16
policy or plan. 17
(3) "Alien captive insurance company" means any insurance 18
company formed to write insurance business for its parent and 19
affiliated companies and licensed pursuant to the laws of an alien 20
jurisdiction that imposes statutory or regulatory standards on 21
companies transacting the business of insurance in such jurisdiction 22
that the commissioner deems to be acceptable. 23
(4) "Association" means any legal association of individuals, 24
corporations, limited liability companies, partnerships, associations or 25
other entities that has been in continuous existence for at least one 26
year, where the association itself or some or all of the member 27
organizations: 28
(A) Directly or indirectly own, control or hold with power to vote all 29
of the outstanding voting securities or other voting interests of an 30
association captive insurance company incorporated as a stock insurer; 31
(B) Have complete voting control over an association captive 32
insurance company incorporated as a mutual corporation or formed as 33
a limited liability company; or 34
(C) Constitute all of the subscribers of an association captive 35
insurance company formed as a reciprocal insurer. 36
(5) "Association captive insurance company" means any company 37
that insures risks of the member organizations of an association, and 38
includes a company that also insures risks of such member 39
organizations' affiliated companies or of the association. 40
(6) "Branch business" means any insurance business transacted in 41 Raised Bill No. 908
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this state by a branch captive insurance company. 42
(7) "Branch captive insurance company" means any alien captive 43
insurance company licensed by the commissioner to transact the 44
business of insurance in this state through a business unit with a 45
principal place of business in this state. 46
(8) "Branch operations" means any business operations in this state 47
of a branch captive insurance company. 48
(9) "Captive insurance company" means any (A) pure captive 49
insurance company, agency captive insurance company, association 50
captive insurance company, industrial insured captive insurance 51
company, risk retention group, sponsored captive insurance company 52
or special purpose financial captive insurance company that is 53
domiciled in this state and formed or licensed under the provisions of 54
sections 38a-91aa to 38a-91tt, inclusive, [or] as amended by this act, (B) 55
branch captive insurance company, or (C) foreign branch captive 56
insurance company. 57
(10) "Ceding insurer" means an insurance company, approved by 58
the commissioner and licensed or otherwise authorized to transact the 59
business of insurance or reinsurance in its state or country of domicile, 60
that cedes risk to a special purpose financial captive insurance 61
company pursuant to a reinsurance contract. 62
(11) "Commissioner" means the Insurance Commissioner. 63
(12) "Controlled unaffiliated business" means any person: 64
(A) Who, (i) in the case of a pure captive insurance company, is not 65
in the corporate system of a parent and the parent's affiliated 66
companies, or (ii) in the case of an industrial insured captive insurance 67
company, is not in the corporate system of an industrial insured and 68
the industrial insured's affiliated companies; 69
(B) Who, (i) in the case of a pure captive insurance company, has an 70 Raised Bill No. 908
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existing contractual relationship with a parent or one of the parent's 71
affiliated companies, or (ii) in the case of an industrial insured captive 72
insurance company, has an existing contractual relationship with an 73
industrial insured or one of the industrial insured's affiliated 74
companies; and 75
(C) Whose risks are managed by a pure captive insurance company 76
or an industrial insured captive insurance company, as applicable, in 77
accordance with section 38a-91qq. 78
(13) "Excess workers' compensation insurance" means, in the case of 79
an employer that has insured or self-insured its workers' compensation 80
risks in accordance with applicable state or federal law, insurance in 81
excess of a specified per-incident or aggregate limit established by the 82
commissioner. 83
(14) "Foreign branch business" means any insurance business 84
transacted in this state by a foreign branch captive insurance company. 85
(15) "Foreign branch captive insurance company" means any alien 86
captive insurance company that is (A) licensed by the commissioner to 87
transact foreign branch business in this state through a business unit 88
with a principal place of business in this state, and (B) not otherwise 89
licensed by the commissioner to transact the business of insurance in 90
this state. 91
(16) "Foreign branch operations" means any business operations in 92
this state of a foreign branch captive insurance company. 93
[(14)] (17) "Incorporated protected cell" means a protected cell that is 94
established as a corporation or a limited liability company, separate 95
from the sponsored captive insurance company with which it has 96
entered into a participant contract. 97
[(15)] (18) "Industrial insured" means an insured: 98
(A) Who procures the insurance of any risk or risks by use of the 99 Raised Bill No. 908
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services of a full-time employee acting as an insurance manager or 100
buyer; 101
(B) Whose aggregate annual premiums for insurance on all risks 102
total at least twenty-five thousand dollars; and 103
(C) Who has at least twenty-five full-time employees. 104
[(16)] (19) "Industrial insured captive insurance company" means 105
any company that insures risks of the industrial insureds that comprise 106
an industrial insured group, and includes a company that also insures 107
risks of such industrial insureds' affiliated companies. 108
[(17)] (20) "Industrial insured group" means any group of industrial 109
insureds that collectively: 110
(A) Directly or indirectly own, control or hold with power to vote all 111
of the outstanding voting securities or other voting interests of an 112
industrial insured captive insurance company incorporated as a stock 113
insurer; 114
(B) Have complete voting control over an industrial insured captive 115
insurance company incorporated as a mutual corporation or formed as 116
a limited liability company; or 117
(C) Constitute all of the subscribers of an industrial insured captive 118
insurance company formed as a reciprocal insurer. 119
[(18)] (21) "Insurance securitization" or "securitization" means a 120
transaction or a group of related transactions, which may include 121
capital market offerings, that are effected through related risk transfer 122
instruments and facilitating administrative agreements, in which all or 123
part of the result of such transaction is used to fund a special purpose 124
financial captive insurance company's obligations under a reinsurance 125
contract with a ceding insurer and by which: 126
(A) A special purpose financial captive insurance company directly 127 Raised Bill No. 908
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or indirectly obtains proceeds through the issuance of securities by 128
such company or any other person; or 129
(B) A person provides, for the benefit of a special purpose financial 130
captive insurance company, one or more letters of credit or other assets 131
that the commissioner has authorized such company to treat as 132
admitted assets for purposes of its annual report. "Insurance 133
securitization" or "securitization" does not include the issuance of a 134
letter of credit for the benefit of the commissioner to satisfy all or part 135
of a special purpose financial captive insurance company's capital and 136
surplus requirements under section 38a-91dd, as amended by this act. 137
[(19)] (22) "Member organization" means any individual, 138
corporation, limited liability company, partnership, association or 139
other entity that belongs to an association. 140
[(20)] (23) "Mutual corporation" means a corporation organized 141
without stockholders and includes a nonprofit corporation with 142
members. 143
[(21)] (24) "Parent" means any individual, corporation, limited 144
liability company, partnership or other entity that directly or indirectly 145
owns, controls or holds with power to vote more than fifty per cent of 146
the outstanding voting: 147
(A) Securities of a pure captive insurance company organized as a 148
stock insurer; or 149
(B) Membership interests of a pure captive insurance company 150
organized as a nonprofit corporation or as a limited liability company. 151
[(22)] (25) "Participant" means any association, corporation, limited 152
liability company, partnership, trust or other entity, and any affiliated 153
company thereof, that is insured by a sponsored captive insurance 154
company pursuant to a participant contract. 155
[(23)] (26) "Participant contract" means a contract entered into by a 156 Raised Bill No. 908
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sponsored captive insurance company and a participant by which the 157
sponsored captive insurance company insures the risks of the 158
participant and limits the losses of each such participant to its pro rata 159
share of the assets of one or more protected cells identified in such 160
participant contract. 161
[(24)] (27) "Protected cell" means a separate account established by a 162
sponsored captive insurance company, in which assets are maintained 163
for one or more participants in accordance with the terms of one or 164
more participant contracts to fund the liability of the sponsored 165
captive insurance company assumed on behalf of such participants as 166
set forth in such participant contracts. 167
[(25)] (28) "Pure captive insurance company" means any company 168
that insures risks of its parent and affiliated companies or controlled 169
unaffiliated business. 170
[(26)] (29) "Reinsurance contract" means a contract entered into by a 171
special purpose financial captive insurance company and a ceding 172
insurer by which the special purpose financial captive insurance 173
company agrees to provide reinsurance to the ceding insurer for risks 174
associated with the ceding insurer's insurance or reinsurance business. 175
[(27)] (30) "Risk retention group" means a captive insurance 176
company organized under the laws of this state pursuant to the federal 177
Liability Risk Retention Act of 1986, 15 USC 3901 et seq., as amended 178
from time to time, as a stock insurer or mutual corporation, a 179
reciprocal or other limited liability entity. 180
[(28)] (31) "Security" has the same meaning as provided in section 181
36b-3 and includes any form of debt obligation, equity, surplus 182
certificate, surplus note, funding agreement, derivative or other 183
financial instrument that the commissioner designates as a security for 184
purposes of sections 38a-91aa to 38a-91tt, inclusive, as amended by this 185
act. 186
[(29)] (32) "Special purpose financial captive insurance company" 187 Raised Bill No. 908
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means a company that is licensed by the commissioner in accordance 188
with section 38a-91bb, as amended by this act. 189
[(30)] (33) "Special purpose financial captive insurance company 190
security" means a security issued by (A) a special purpose financial 191
captive insurance company, or (B) a third party, the proceeds of which 192
are obtained directly or indirectly by a special purpose financial 193
captive insurance company. 194
[(31)] (34) "Sponsor" means any association, corporation, limited 195
liability company, partnership, trust or other entity that is approved by 196
the commissioner to organize and operate a sponsored captive 197
insurance company and to provide all or part of the required 198
unimpaired paid-in capital and surplus. 199
[(32)] (35) "Sponsored captive insurance company" means a captive 200
insurance company: 201
(A) In which the minimum required unimpaired paid-in capital and 202
surplus are provided by one or more sponsors; 203
(B) That insures risks of its participants only through separate 204
participant contracts; and 205
(C) That funds its liability to each participant through one or more 206
protected cells and segregates the assets of each protected cell from the 207
assets of other protected cells and from the assets of the sponsored 208
captive insurance company's general account. 209
[(33)] (36) "Surplus note" means an unsecured subordinated debt 210
obligation possessing characteristics consistent with the National 211
Association of Insurance Commissioners Statement of Statutory 212
Accounting Principles No. 41, as amended from time to time, and as 213
modified or supplemented by the commissioner. 214
Sec. 2. Subsection (e) of section 38a-91bb of the general statutes is 215
repealed and the following is substituted in lieu thereof (Effective July 216 Raised Bill No. 908
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1, 2019): 217
(e) (1) If the commissioner finds that the documents and statements 218
that a captive insurance company, other than a special purpose 219
financial captive insurance company, has filed comply with the 220
provisions of sections 38a-91aa to 38a-91tt, inclusive, as amended by 221
this act, the commissioner may grant a license authorizing the 222
company to do insurance business in this state until April first 223
thereafter. The captive insurance company may apply to renew such 224
license on such forms as the commissioner prescribes. 225
(2) (A) The commissioner may grant a license authorizing a special 226
purpose financial captive insurance company to do reinsurance 227
business in this state until April first thereafter upon the 228
commissioner's finding that (i) the proposed plan of operation 229
provides for a reasonable and expected successful operation, (ii) the 230
terms of the reinsurance contract and related transactions comply with 231
sections 38a-91aa to 38a-91tt, inclusive, as amended by this act, (iii) the 232
proposed plan of operation is not hazardous to any ceding insurer, and 233
(iv) the insurance regulator of the state of domicile of each ceding 234
insurer has notified the commissioner in writing or has otherwise 235
provided assurance satisfactory to the commissioner that such 236
regulator has approved or has not disapproved the transaction, 237
provided the commissioner shall not be precluded from issuing a 238
license to a special purpose financial captive insurance company if 239
such regulator has not responded with respect to all or any part of the 240
transaction. 241
(B) In conjunction with granting such license, the commissioner may 242
issue an order to the special purpose financial captive insurance 243
company of any additional provisions, terms or conditions regarding 244
the organization, licensing or operation of such company that are not 245
inconsistent with the provisions of this chapter and are deemed 246
appropriate by the commissioner. 247
(3) The commissioner shall not grant a license to a branch captive 248 Raised Bill No. 908
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insurance company unless the alien captive insurance company grants 249
the commissioner authority to examine the alien captive insurance 250
company in the jurisdiction in which the alien captive insurance 251
company is formed. 252
(4) The commissioner shall not grant a license to a foreign branch 253
captive insurance company unless the foreign branch captive 254
insurance company or alien captive insurance company grants the 255
commissioner authority to examine the affairs of such foreign branch 256
captive insurance company or alien captive insurance company in the 257
jurisdiction in which such foreign branch captive insurance company 258
or alien captive insurance company was formed, operates or maintains 259
books and records. 260
Sec. 3. Section 38a-91dd of the general statutes is repealed and the 261
following is substituted in lieu thereof (Effective July 1, 2019): 262
(a) (1) The [Insurance Commissioner] commissioner shall not issue a 263
license to a captive insurance company or allow the company to retain 264
such license unless the company has and maintains unimpaired paid-265
in capital and surplus of: 266
(A) In the case of a pure captive insurance company, not less than 267
two hundred fifty thousand dollars; 268
(B) In the case of an association captive insurance company, not less 269
than five hundred thousand dollars; 270
(C) In the case of an industrial insured captive insurance company, 271
not less than five hundred thousand dollars; 272
(D) In the case of a risk retention group, not less than one million 273
dollars; 274
(E) In the case of a sponsored captive insurance company, not less 275
than two hundred twenty-five thousand dollars; 276 Raised Bill No. 908
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(F) In the case of a special purpose financial captive insurance 277
company, not less than two hundred fifty thousand dollars; 278
(G) In the case of a sponsored captive insurance company licensed 279
as a special purpose financial captive insurance company, not less than 280
five hundred thousand dollars; and 281
(H) In the case of an agency captive insurance company, not less 282
than five hundred thousand dollars. 283
(2) (A) The [Insurance Commissioner] commissioner shall not issue 284
a license to a branch captive insurance company or allow the company 285
to retain such license unless the company has and maintains, as 286
security for the payment of liabilities attributable to the branch 287
operations: 288
(i) Not less than two hundred fifty thousand dollars; and 289
(ii) Reserves on such insurance policies or such reinsurance 290
contracts as may be issued or assumed by the branch captive insurance 291
company through its branch operations, including reserves for losses, 292
allocated loss adjustment expenses, incurred but not reported losses 293
and unearned premiums with regard to business written through the 294
branch operations. The commissioner may permit a branch captive 295
insurance company to credit against any such reserves any security for 296
loss reserves that the branch captive insurance company posts with a 297
ceding insurer or is posted by a reinsurer with the branch captive 298
insurance company, so long as such security remains posted. 299
(B) The amounts required under subparagraph (A) of this 300
subdivision may be held, with the prior approval of the commissioner, 301
in the form of (i) a trust formed under a trust agreement and funded 302
by assets acceptable to the commissioner, (ii) an irrevocable letter of 303
credit issued or confirmed by a bank approved by the commissioner, 304
(iii) with respect to the amount required under subparagraph (A)(i) of 305
this subdivision only, cash on deposit with the commissioner, or (iv) 306
any combination thereof. 307 Raised Bill No. 908
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(3) (A) The commissioner shall not issue a license to a foreign 308
branch captive insurance company or allow the company to retain 309
such license unless the company has and maintains, as security for the 310
payment of liabilities attributable to the foreign branch operations: 311
(i) Not less than two hundred fifty thousand dollars; and 312
(ii) Reserves on such insurance policies or such reinsurance 313
contracts as may be issued or assumed by the foreign branch captive 314
insurance company through its foreign branch operations, including 315
reserves for losses, allocated loss adjustment expenses, incurred but 316
not reported losses and unearned premiums with regard to business 317
written through the foreign branch operations. The commissioner may 318
permit a foreign branch captive insurance company to credit against 319
any such reserves any assets belonging to (I) the company that are held 320
in trust for, or otherwise segregated or controlled by, a ceding insurer 321
that secure the reinsurance obligations of such company to the ceding 322
insurer, or (II) a reinsurer that are held in trust for, or otherwise under 323
the control of, the company and secure the reinsurance obligations of 324
the reinsurer to such company. 325
(B) The amounts required under subparagraph (A) of this 326
subdivision may be held, with the prior approval of the commissioner, 327
in the form of (i) a trust formed under a trust agreement and funded 328
by assets acceptable to the commissioner, (ii) an irrevocable letter of 329
credit issued or confirmed by a bank approved by the commissioner, 330
or (iii) any combination thereof. 331
(C) The commissioner may exempt a foreign branch captive 332
insurance company from the requirements established in this 333
subdivision, provided the commissioner determines, in the 334
commissioner's discretion, that the company is financially stable. 335
(b) The commissioner may adopt regulations, in accordance with 336
chapter 54, to establish additional capital and surplus requirements 337
based upon the type, volume and nature of insurance business 338 Raised Bill No. 908
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transacted. 339
(c) Notwithstanding any other provision of this section, the 340
commissioner shall have the discretion to allow a captive insurance 341
company, other than a captive insurance company organized as a risk 342
retention group, to maintain less than the required unimpaired paid-in 343
capital and surplus set forth in subsection (a) of this section. The 344
commissioner shall consider the type, volume and nature of the 345
insurance or reinsurance business transacted by such a captive 346
insurance company in establishing the amount of unimpaired paid-in 347
capital and surplus the company is required to maintain. 348
(d) Except as specified in [subdivision (2)] subdivisions (2) and (3) of 349
subsection (a) of this section, capital and surplus may be in the form of 350
cash or an irrevocable letter of credit issued by a bank approved by the 351
commissioner. 352
Sec. 4. Subsection (e) of section 38a-91ff of the general statutes is 353
repealed and the following is substituted in lieu thereof (Effective July 354
1, 2019): 355
(e) (1) No branch captive insurance company shall do any insurance 356
business in this state unless it maintains a principal place of business 357
for its branch operations in this state. 358
(2) No foreign branch captive insurance company shall do any 359
insurance business in this state unless it operates through a business 360
unit that maintains a principal place of business for such company's 361
foreign branch operations in this state. 362
Sec. 5. Subdivision (1) of subsection (b) of section 38a-91gg of the 363
general statutes is repealed and the following is substituted in lieu 364
thereof (Effective July 1, 2019): 365
(b) (1) (A) Prior to March first of each year and, in the case of pure 366
captive insurance companies and industrial insured captive insurance 367
companies, prior to March fifteenth of each year, each captive 368 Raised Bill No. 908
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insurance company, other than a branch captive insurance company or 369
a foreign branch captive insurance company that is required to submit 370
reports or statements in the foreign branch captive insurance 371
company's domiciliary jurisdiction, shall submit to the [Insurance 372
Commissioner] commissioner a report of its financial condition 373
verified by oath of two of its executive officers. The commissioner shall 374
establish the form and content of the annual report to be filed by 375
special purpose captive insurance companies. 376
(B) In the case of branch captive insurance companies, prior to 377
March first of each year, each such company shall submit to the 378
commissioner a copy of all reports and statements required to be filed 379
under the laws of the jurisdiction in which the alien captive insurance 380
company is formed. Such reports and statements shall be verified by 381
oath of two of its executive officers. If the commissioner is satisfied 382
that the annual report filed by the alien captive insurance company in 383
its domiciliary jurisdiction provides adequate information concerning 384
the financial condition of the alien captive insurance company, the 385
commissioner may waive the requirement for completion of the 386
captive annual statement for business written in the alien jurisdiction. 387
(C) In the case of a foreign branch captive insurance company that is 388
required to submit reports and statements in its domiciliary 389
jurisdiction, the company shall submit to the commissioner a copy of 390
all reports and statements required to be filed under the laws of its 391
domiciliary jurisdiction or the domiciliary jurisdiction of the alien 392
captive insurance company. Such reports and statements shall be 393
verified by oath of two of the executive officers of such foreign branch 394
captive insurance company, and be submitted to the commissioner on 395
the same day that such reports and statements are filed with the 396
domiciliary jurisdiction of such foreign branch captive insurance 397
company or alien captive insurance company. If the commissioner is 398
not satisfied that the annual report filed by the foreign branch captive 399
insurance company or alien captive insurance company in the 400
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company or alien captive insurance company provides adequate 402
information concerning the financial condition of such foreign branch 403
captive insurance company, such foreign branch captive insurance 404
company shall, at a time prescribed by the commissioner, submit to the 405
commissioner a report, in a form and manner prescribed by the 406
commissioner, that provides the commissioner with adequate 407
information concerning the financial condition of such foreign branch 408
captive insurance company. 409
Sec. 6. Subsection (a) of section 38a-91hh of the general statutes is 410
repealed and the following is substituted in lieu thereof (Effective July 411
1, 2019): 412
(a) (1) At least once every three years, and additionally whenever 413
the Insurance Commissioner determines it to be prudent, the 414
commissioner or the commissioner's designee shall visit each captive 415
insurance company and thoroughly inspect and examine its affairs to 416
ascertain its financial condition, its ability to fulfill its obligations and 417
whether it has complied with the provisions of sections 38a-91aa to 418
38a-91tt, inclusive, as amended by this act, and any applicable 419
provisions of this title. The commissioner may extend the three-year 420
period to five years, provided a captive insurance company is subject 421
to a comprehensive annual audit during such period by independent 422
auditors approved by the commissioner and of a scope satisfactory to 423
the commissioner. 424
(2) The examination of a branch captive insurance company 425
pursuant to this section shall be of branch business and branch 426
operations only, as long as the branch captive insurance company 427
provides annually to the commissioner a certificate of compliance or its 428
equivalent, issued by or filed with the licensing authority of the 429
jurisdiction in which the branch captive insurance company is formed, 430
and demonstrates to the commissioner's satisfaction that it is operating 431
in sound financial condition in accordance with all applicable laws and 432
regulations of such jurisdiction. 433 Raised Bill No. 908
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(3) The examination of a foreign branch captive insurance company 434
pursuant to this section shall be of foreign branch business and foreign 435
branch operations only, as long as the foreign branch captive insurance 436
company provides annually to the commissioner a certificate of 437
compliance or its equivalent, issued by or filed with the domiciliary 438
jurisdiction of the foreign branch captive insurance company or alien 439
captive insurance company, and demonstrates to the commissioner's 440
satisfaction that such foreign branch captive insurance company is 441
operating in sound financial condition in accordance with all 442
applicable laws and regulations of such jurisdiction. 443
Sec. 7. Subdivision (1) of subsection (c) of section 38a-91nn of the 444
general statutes is repealed and the following is substituted in lieu 445
thereof (Effective July 1, 2019): 446
(c) (1) The annual minimum aggregate tax to be paid by a captive 447
insurance company, other than a sponsored captive insurance 448
company, calculated under subsection (a) of this section shall be seven 449
thousand five hundred dollars, and the annual maximum aggregate 450
tax calculated under subsections (a) and (b) of this section shall be two 451
hundred thousand dollars. In the case of a branch captive insurance 452
company, the annual aggregate tax to be paid by such company shall 453
apply only to the branch business of such company. In the case of a 454
foreign branch captive insurance company, the annual aggregate tax to 455
be paid by such company shall apply only to the foreign branch 456
business of such company. 457
Sec. 8. Subparagraph (A) of subdivision (2) of subsection (g) of 458
section 38a-91ss of the general statutes is repealed and the following is 459
substituted in lieu thereof (Effective July 1, 2019): 460
(A) Proceeds from a special purpose financial captive insurance 461
company securitization or letters of credit or other assets described in 462
subdivision [(18)] (21) of section 38a-91aa, as amended by this act; 463 Raised Bill No. 908
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This act shall take effect as follows and shall amend the following
sections:
Section 1 July 1, 2019 38a-91aa
Sec. 2 July 1, 2019 38a-91bb(e)
Sec. 3 July 1, 2019 38a-91dd
Sec. 4 July 1, 2019 38a-91ff(e)
Sec. 5 July 1, 2019 38a-91gg(b)(1)
Sec. 6 July 1, 2019 38a-91hh(a)
Sec. 7 July 1, 2019 38a-91nn(c)(1)
Sec. 8 July 1, 2019 38a-91ss(g)(2)(A)
INS Joint Favorable