{"data":{"id":"us-ct/conn.-gen.-stat.-38a-92c","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 38a-92c","heading":"Contingency reserves.","body":"(a) Each licensed financial guaranty insurance corporation shall establish and maintain a contingency reserve calculated in accordance with the accounting requirements of the National Association of Insurance Commissioners Accounting Practices and Procedures Manual, version effective January 1, 2001, and subsequent revisions.\n(b) A financial guaranty insurance corporation may invest the contingency reserve in tax and loss bonds or similar securities purchased pursuant to Section 832 (e) of the Internal Revenue Code or any successor provision, only to the extent of the tax savings resulting from the deduction for federal income tax purposes of a sum equal to the annual contributions to the contingency reserve. The contingency reserve shall otherwise be invested only in classes of securities or types of investments permitted by this title.","path":["TITLE 38a. INSURANCE","CHAPTER 698. INSURERS","PART IIb. FINANCIAL GUARANTY INSURANCE ACT"],"source_url":"https://www.cga.ct.gov/current/pub/chap_698.htm#sec_38a-92c","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:12Z","sha256":"3541d6fd237754ac9742002a4c1b7839b1bbeaeb972a7a6be90f1cf9b184c387","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-38a-92b","next":"us-ct/conn.-gen.-stat.-38a-92d"},"notice":"GroundRules: Original legal text. Not legal advice."}