The state’s captive insurance program intended to help homeowners whose foundations were contaminated with a mineral that causes them to crumble and collapse said it cannot accept any new claims until it gets more money.

The Connecticut Foundation Solutions Indemnity Co. is in suspension as of Aug. 5. No further participation agreements will be provided to claimants for completion, and no further participation agreements will be countersigned, the company said in a statement posted on its website.

CT News Junkie was the first to report the story.

“We estimate that the suspension will be lifted by late September or early October, when the new round of funding should be approved by the CT Bond Commission,” the company’s statement added.

CFSIC has received 958 applications as of Aug. 2. Total incurred claim activity is now $101 million, while the liability for its active claims is $80.8 million and it has received only $40 million in cash as of Aug. 5.

CFSIC will stop taking claims entirely when the value of incurred asserted claim liabilities reaches $121.6 million, meaning the company has less than $20 million to go before it runs out of money. The company’s statement estimated that could occur as early as November or December of this year, in part because of July legislation that allowed condominiums to file claims, as well.

Potentially tens of thousands of homes have foundations contaminated by an iron sulfide known as pyrrhotite, which causes concrete to crack and break gradually as it becomes exposed to water and oxygen. The material containing pyrrhotite has been traced to a Willington quarry used between 1983 and 2015 by a now-defunct concrete company. To fix the problem, homes must be jacked up, the foundation demolished and a new one poured.