(a) No service company or its employees, officers or directors shall be an employee, officer or director of, or have either a direct or indirect financial interest in, an administrator. No administrator or its employees, officers or directors shall be an employee, officer or director of, or have either a direct or indirect financial interest in, a service company.
(b) The service contract shall state that unless the commissioner permits otherwise the service company shall handle, to its conclusion, all claims and other obligations incurred during the contract period.
(P.A. 96-267, S. 9.)
Structure Connecticut General Statutes
Chapter 706 - Private Employer Workers' Compensation Group Self-Insurance
Section 38a-1000. - Applicability.
Section 38a-1001. - Definitions.
Section 38a-1002. - Approval of self-insurance group required.
Section 38a-1003. - Group certificate of approval. Application. Fees.
Section 38a-1004. - Duration and termination of certificate of approval.
Section 38a-1005. - Examination of group. Costs.
Section 38a-1006. - Group board of trustees.
Section 38a-1008. - Service company and administrator to be mutually disinterested.
Section 38a-1009. - Nonemployee soliciting group membership must be licensed.
Section 38a-1010. - Annual statement of financial condition required. Untrue statement prohibited.
Section 38a-1012. - Misrepresentation and omission in membership solicitation prohibited.
Section 38a-1013. - Investments.
Section 38a-1014. - Classifications and rating. Premium contributions. Audits. Hearings.
Section 38a-1015. - Excess moneys refundable. Refund plan. Notice.
Section 38a-1016. - Premium payment plan required. Loss reserves. Bad debt reserves.
Section 38a-1017. - Deficiencies. Insolvency. Liquidation and assessment.
Section 38a-1018. - Penalties.
Section 38a-1020. - Revocation of certificate of approval.
Section 38a-1021. - Additional provisions.