Form An 2008(2) - Assessments Refunded By Connecticut Insurance Guaranty Association
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2STATE OF CONNECTICUT
AN 2008(2)
DEPARTMENT OF REVENUE SERVICES
25 Sigourney Street
Hartford CT 06106-5032
ANNOUNCEMENT
Assessments Refunded by Connecticut Insurance Guaranty
Association
Purpose:
This Announcement informs each
assessments shown on the December 27, 2007
member insurer that is a member of the Connecticut
Assessment Statement as refundable to the member
Insurance Guaranty Association (CIGA) of the
with respect to Ideal Mutual Insurance Company,
member’s obligation to pay a portion of the recently
Transit Casualty Insurance Company, and Integrity
refunded
assessments
as
described
in
this
Insurance Company must be paid to DRS.
Announcement to the Department of Revenue
However, the prior CIGA assessment made to meet
Services (DRS) on or before Monday, February 11,
CIGA’s obligations with respect to LMI Insurance
2008.
Company were payable by a member insurer during a
calendar year beginning on or after January 1, 2000.
For Connecticut insurance premiums tax purposes,
Effective Date: Upon issuance.
CIGA assessments paid by a member during calendar
years beginning on or after January 1, 2000, were
permitted to be offset against the member’s
Statutory Authority: Conn. Gen. Stat. §38a-841
Connecticut insurance premiums tax liability. Therefore,
(3)(A).
the portion of the assessments shown on the
December 27, 2007 Assessment Statement as
refundable to the member with respect to LMI
Insurance Company must be paid to DRS.
Payment by Member Insurers Required on or
•
If a member paid the original CIGA
before February 11, 2008:
On or about
assessment with respect to LMI Insurance
December 27, 2007, CIGA mailed to its members an
Company during 2000 and offset 20% of the
Assessment Statement with a December 27, 2007
assessment against its 2001, 2002, 2003,
Assessment Date (December 27, 2007 Assessment
2004, and 2005 Connecticut insurance
Statement), and refunded to its members a portion of
premiums tax liability, the member should
prior CIGA assessments made to meet CIGA’s
pay to DRS the amount of the refunded
obligations with respect to Ideal Mutual Insurance
assessment entered in parentheses in the row
Company, Transit Casualty Insurance Company,
for “LMI Insurance Company” under the
Integrity Insurance Company, and LMI Insurance
column headed “Amount Payable.”
Company.
•
If a member paid the original CIGA
The prior CIGA assessments made to meet CIGA’s
assessment with respect to LMI Insurance
obligations with respect to Ideal Mutual Insurance
Company during 2001, and offset 20% of the
Company, Transit Casualty Insurance Company, and
assessment against its 2002, 2003, 2004,
Integrity Insurance Company were payable by a
2005, and 2006 Connecticut insurance
member insurer during a calendar year beginning
premiums tax liability, the member should
prior to January 1, 2000. For Connecticut insurance
pay to DRS the amount of the refunded
premiums tax purposes, CIGA assessments paid by a
assessment entered in parentheses in the row
member during calendar years beginning prior to
for “LMI Insurance Company” under the
January 1, 2000, were not permitted to be offset
column headed “Amount Payable.”
against
the
member’s
Connecticut
insurance
premiums tax liability. Therefore, no amount of the
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