(a) Each nonprofit legal service corporation, as defined in section 38a-230, shall, annually, on or before the first day of March, file in the office of the Insurance Commissioner a statement, verified by at least two of its principal officers, showing its condition on the thirty-first day of December next preceding, which shall be in such form and contain such information as the commissioner prescribes. The Insurance Commissioner or his representative shall make an examination of the financial condition of each such legal service corporation at least quadrennially.
(b) The Insurance Commissioner, or any deputy or examiner or any other person whom he appoints, shall have the power of visitation and examination into the affairs of any such corporation and free access to all of the books, papers and documents that relate to the business of the corporation, and may summon and qualify witnesses under oath to examine its officers, agents or employees or other persons in relation to the affairs, transactions and condition of the corporation.
(P.A. 79-234, S. 8; P.A. 90-243, S. 160.)
History: P.A. 90-243 divided section into Subsecs., added a reference to “nonprofit” legal service corporation and made technical corrections for statutory consistency; Sec. 38-408 transferred to Sec. 38a-237 in 1991.
Structure Connecticut General Statutes
Chapter 698b - Prepaid Legal Services
Section 38a-234. (Formerly Sec. 38-405). - Incorporation of legal service corporations.
Section 38a-235. (Formerly Sec. 38-406). - Nature of contract and mandatory provisions.
Section 38a-238. (Formerly Sec. 38-409). - Investment of legal service corporation funds.
Section 38a-240. (Formerly Sec. 38-411). - Legal service corporation property exempt from taxes.
Section 38a-243. (Formerly Sec. 38-414). - Plan to permit subscribers to choose their own attorneys.
Section 38a-244. (Formerly Sec. 38-415). - Applicability.
Section 38a-245. (Formerly Sec. 38-416). - Solicitation of subscribers; prohibited acts.