Connecticut FAIR Plan

What Connecticut FAIR Plan does

The Connecticut FAIR Plan, formally the Connecticut Property Insurance Placement Facility, is a state-mandated insurance facility established in 1968 under the Urban Property Protection and Reinsurance Act of 1968 and Title 38a of the Connecticut General Statutes. It operates as the property insurer of last resort for Connecticut property owners unable to secure coverage through the voluntary insurance market, and is explicitly not designed to compete with voluntary carriers. The entity is governed by member insurance companies that write homeowners coverage in Connecticut, with administrative information routed through the Property Insurance Plans Services Office (PIPSO). It operates from a single office at 77 Hartland Street, Suite 308, East Hartford, with a headcount of 11-50 employees.

The Plan's core offering is basic named-peril property insurance issued via standard industry forms: the Dwelling Form DP 00 01 for 1-4 family owner- or tenant-occupied dwellings, condominiums, and row houses; the Commercial Form CP 00 99 for 5+ family apartment buildings and mercantile/manufacturing risks; and the ACORD 66 CT as the standard application form. Habitational coverage is provided on an actual cash value basis (not replacement cost) and excludes theft, freezing, and water damage perils. Supporting product lines include personal liability endorsements (available from $25,000 to $300,000), builder's risk coverage for properties under construction, coverage for vacant estate-held and renovation properties, and the C-MAP Coastal Market Assistance Program administered for coastal homeowners under Connecticut Insurance Department authorization. The technology stack is non-proprietary: operations run on standard insurance forms, manual inspection-based underwriting, and, as of July 2025, an epaypolicy-powered online bill-pay portal.

Revenue is generated through annual insurance premiums paid in full upfront, with no payment plans offered and no billing to mortgagees. All business must be placed through Connecticut-licensed insurance producers; the Plan does not accept direct-to-consumer applications and holds no proprietary distribution channel. Producers earn commissions on placed business, and the Plan charges transaction-based fees on digital payments (3.5% on credit card, $5.00 flat on ACH). Detailed financial information is not publicly disclosed, though the entity files audited financial statements — a restatement of the fiscal year ending September 30, 2023 was issued in April 2025 — and distributes K-1s to member companies via annual participation percentage ratios published through PIPSO.

Name

Connecticut FAIR Plan

Legal name

Connecticut Property Insurance Placement Facility

Website

https://ctfairplan.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

The Connecticut FAIR Plan is a state-mandated property insurance placement facility established in 1968. It provides last-resort basic property insurance to Connecticut property owners unable to obtain voluntary-market coverage, distributing policies exclusively through licensed producers.

Ownership category

akta.pro rank

Product category

Property Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

akta.pro primary industry

Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)

akta.pro secondary industry

Public Liability (Premises/Operations) (FSAJADAD)

Keywords

• Property insurance
• FAIR Plan coverage
• Basic fire insurance
• Coastal insurance program
• Last-resort insurance

Headquarters

HQ city

East Hartford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others, Infrastructure

Revenue model

1. Insurance Premium Revenue: The Connecticut FAIR Plan generates revenue through insurance premiums collected from policyholders. Total annual premium must be received before policy issuance. The FAIR Plan operates on a non-payment-plan basis - full premium payment is required upfront. Commission is paid to licensed producers for business placed.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

The Connecticut FAIR Plan (Connecticut Property Insurance Placement Facility) is a state-mandated insurance placement facility established under the Urban Property Protection and Reinsurance Act of 1968 and Title 38a of the Connecticut General Statutes. It provides basic named-peril property insurance (Fire, Extended Coverage, Vandalism & Malicious Mischief) on an Actual Cash Value basis to property owners in Connecticut who have been unable to secure coverage through the voluntary insurance market. All business is placed exclusively through Connecticut licensed insurance producers; the plan does not accept direct-to-consumer applications.

Product overview

Connecticut FAIR Plan is a state-mandated property insurance placement facility established under the Urban Property Protection and Reinsurance Act of 1968. It operates as a last-resort insurer providing basic named peril property insurance to applicants unable to secure coverage through the voluntary market. The core product is the Basic Property and Liability Insurance offered via Dwelling Form DP 00 01 (for habitational properties) and Commercial Form CP 00 99 (for commercial properties). Additional offerings include Personal Liability Coverage as an add-on, and the C-MAP Coastal Market Assistance Program for coastal homeowners. The organization also operates community fire safety programs including the Fire Prevention Poster Program, Seminar Stipend Program, Grant Fund Program, and Arson Tip Award Program. All policies are placed through Connecticut licensed producers; direct-to-consumer sales are not available.

Differentiator

Problem solved

Functional benefit

Brands

• C-MAP (Coastal Market Assistance Program): A program created to assist homeowners living in Connecticut coastal areas who have been unable to obtain insurance, administered by the Connecticut FAIR Plan under authorization of the Connecticut Insurance Department

Products and services

• Habitational Property Insurance (Dwelling Form DP 00 01) Basic fire and named-peril property insurance for 1-4 family owner or tenant-occupied dwellings, condominiums, and row houses in Connecticut that are unable to obtain coverage through the voluntary market. Coverage is Actual Cash Value (not replacement cost), with limits up to $350,000 building and $75,000 contents. Excludes theft, freezing, and water damage perils.
• Commercial Property Insurance (Commercial Form CP 00 99) Basic fire and named-peril commercial property insurance for 5+ family apartment buildings, mercantile risks, and manufacturing risks in Connecticut unable to secure coverage in the voluntary market. Available with 80%, 90%, or flat (no) coinsurance options, with coverage up to $1,000,000 for fire-resistive construction.
• C-MAP (Coastal Market Assistance Program) A program administered by the Connecticut FAIR Plan to assist homeowners in Connecticut coastal areas who have been unable to obtain insurance through the voluntary market. Created by member insurance companies under authorization of the Connecticut Insurance Department.

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Connecticut Fire Marshals AssociationcoreStrategic or Co-development PartnerCollaborative partner in the Fire Prevention Poster Program, working with county and state Fire Marshals and fire safety educators across Connecticut to coordinate the program that encourages fire safety awareness among children.
• Office of the State Fire Marshal (Connecticut)coreStrategic or Co-development PartnerPartner in the Fire Prevention Poster Program, contributing to fire prevention awareness and education among young people in Connecticut schools.
• Connecticut Fire Chiefs AssociationcoreStrategic or Co-development PartnerCollaborative partner in the Fire Prevention Poster Program, helping to extend fire prevention awareness throughout Connecticut.
• Connecticut State Board of EducationcoreStrategic or Co-development PartnerPartner in the Fire Prevention Poster Program, facilitating participation of public school students in fire safety education.
• Connecticut Department of Energy and Environmental ProtectioncoreStrategic or Co-development PartnerPartner in the Fire Prevention Poster Program, supporting fire safety awareness initiatives in Connecticut.
• Connecticut Insurance DepartmentcoreStrategic or Co-development PartnerRegulatory body that authorized the Coastal Market Assistance Program (C-MAP), created by Insurance Companies that write homeowners insurance in Connecticut, and administered by CT FAIR Plan.
• Member Insurance CompaniescoreStrategic or Co-development PartnerInsurance companies that write homeowners insurance in Connecticut created C-MAP under authorization of the Connecticut Insurance Department. These companies participate in the FAIR Plan and govern its operations. Member companies access financial and participation information through PIPSO.
• Property Insurance Plans Services Office (PIPSO)minorOthersPIPSO (pipso.com) provides the website where all member companies access Connecticut FAIR Plan Financial and Participation information, including Annual Participation Percentage Ratios.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• California FAIR Plan Association: California's FAIR Plan, a private, non-profit association established under state law as the property insurer of last resort in California. Same statutory placement-facility model; comparable in structure though much larger in scale given California's insurance market and wildfire exposure.
• Citizens Property Insurance Corporation (Florida): Florida's state-created residual market property insurer, established by Florida statute to provide property insurance to applicants unable to obtain coverage in the private market. Direct analogue in role, structure, and last-resort mandate.
• Massachusetts Property Insurance Underwriting Association: Massachusetts' equivalent FAIR Plan / property insurance placement facility, providing basic fire and extended coverage to property owners unable to obtain insurance in the voluntary market in MA. Closely comparable statutory mandate, product structure, and residual-market role to the Connecticut FAIR Plan.
• New York Property Insurance Underwriting Association (NYPIUA): New York State's FAIR Plan equivalent, providing basic property insurance to residents unable to obtain coverage in the voluntary market. Same legal structure under state insurance law, same role as last-resort property insurer in its respective state.
• New Jersey FAIR: New Jersey's FAIR Plan / insurance placement facility, providing basic property insurance to New Jersey property owners unable to secure coverage in the voluntary market. Same residual-market placement facility model in a neighboring Northeast state with similar coastal exposure concerns.
• Texas FAIR Plan Association: Texas' property insurance placement facility of last resort, created under Texas insurance statutes to provide basic property coverage where the voluntary market is unavailable. Comparable legal structure and residual-market function.

Broad incumbents

• Coastal Insurance Underwriters (general class of private residual-market mechanisms): Private residual-market and coastal-market mechanisms, including beach plans and joint underwriting associations in several states, that share C-MAP-style missions of insuring coastal and high-risk property. Comparable in product scope (basic property for hard-to-insure coastal risks) though structurally distinct.

Others

• Property Insurance Plans Service Office (PIPSO): National service office that supports multiple state FAIR Plans, including Connecticut's, providing participation and financial reporting infrastructure for member companies. Functions as a shared-service and information vendor rather than a competing insurer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/connecticut-fair-plan

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Connecticut FAIR Plan