You asked for information about the formation of the Connecticut Interlocal Risk Management Agency (CIRMA) and the conditions of a loan granted to them by the state of Connecticut.

In 1979, the Connecticut General Assembly granted the Connecticut Conference of Municipalities authority to form a nonprofit, tax exempt corporation to allow member towns, cities, and local public agencies to join together to pool or self-insure workers' compensation and public liability risks, jointly purchase workers' compensation and public liability insurance, and develop loss prevention and control programs (P. A. 79-561).

A board of directors of municipal officials governs CIRMA and assists the corporation through committees in the following areas:

· Operations and Underwriting

· Investment

· Budget and Audit

· Risk Control Advice

· Claims Advice

· School District Advice

· Housing Authority Advice

On July 1, 1980, CIRMA began offering a comprehensive workers' compensation insurance program to Connecticut municipalities and other local public agencies through its Workers' Compensation Pool.

In 1986, CIRMA established a Public Liability Risk Pool and received a $ 8. 6 million capitalization loan from the state. The interest free loan was repaid in 2001.

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