(a) The state of Connecticut does hereby pledge to, and agree with, any person with whom the exchange may enter into contracts pursuant to the provisions of sections 38a-1080 to 38a-1093, inclusive, that the state will not limit or alter the rights hereby vested in the exchange until such contracts and the obligations thereunder are fully met and performed on the part of the exchange, except that nothing in this subsection shall preclude such limitation or alteration if adequate provision shall be made by law for the protection of such persons entering into contracts with the exchange.
(b) The exchange shall be exempt from all franchise, corporate business and property taxes levied by the state or any municipality, except that nothing in this subsection shall be construed to exempt from any such taxes, or from any taxes levied in connection with, (1) the manufacture or sale of any products that are the subject of any agreement made by the exchange, or (2) any person entering into any contract with the exchange.
(P.A. 11-53, S. 10, 11; P.A. 13-247, S. 141; June Sp. Sess. P.A. 17-2, S. 118.)
History: P.A. 11-53 effective July 1, 2011; P.A. 13-247 amended Subsec. (a) to add reference to Sec. 38a-1091, effective June 19, 2013; June Sp. Sess. P.A. 17-2 amended Subsec. (a) to replace “38a-1091” with “38a-1093”, effective October 31, 2017.
Structure Connecticut General Statutes
Chapter 706c - Connecticut Health Insurance Exchange
Section 38a-1080. - Definitions.
Section 38a-1082. - Written procedures. Audits.
Section 38a-1084. - Duties of exchange.
Section 38a-1085. - Qualified health plans.
Section 38a-1086. - Certification of health benefit plans.
Section 38a-1087. - Navigator grant program.
Section 38a-1088. - State pledge to contractors. Exemption from taxes.
Section 38a-1089. - Annual report from chief executive officer.
Section 38a-1092. - Quarterly report from board of directors.