Connecticut General Statutes
Chapter 698c - Risk Retention Groups
Section 38a-256. (Formerly Sec. 38-536). - Solicitation or sale of insurance prohibited if financially impaired.

No risk retention group or producer shall solicit or sell insurance if the risk retention group is in a hazardous financial condition or is financially impaired.

(P.A. 87-135, S. 7, 18; P.A. 96-193, S. 5, 36.)
History: Sec. 38-536 transferred to Sec. 38a-256 in 1991; P.A. 96-193 substituted “producer” for “agent or broker”, effective June 3, 1996.

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Structure Connecticut General Statutes

Connecticut General Statutes

Title 38a - Insurance

Chapter 698c - Risk Retention Groups

Section 38a-250. (Formerly Sec. 38-530). - Definitions.

Section 38a-251. (Formerly Sec. 38-531). - Licensure of risk retention groups chartered in this state. Submission of plan of operation or feasibility study. Information with application filing.

Section 38a-251a. - Governance standards. Audit committee. Examination.

Section 38a-252. (Formerly Sec. 38-532). - Requirements for risk retention groups chartered outside the state.

Section 38a-253. (Formerly Sec. 38-533). - Submission of information to Insurance Commissioner by risk retention groups not domiciled in this state. Financial examination.

Section 38a-254. (Formerly Sec. 38-534). - Premiums subject to taxation.

Section 38a-255. (Formerly Sec. 38-535). - Notice on insurance applications from and policies issued by risk retention group.

Section 38a-256. (Formerly Sec. 38-536). - Solicitation or sale of insurance prohibited if financially impaired.

Section 38a-257. (Formerly Sec. 38-537). - Solicitation or sale of insurance only to persons eligible for group membership.

Section 38a-258. (Formerly Sec. 38-538). - Insurance company membership in risk retention group limited.

Section 38a-259. (Formerly Sec. 38-539). - Insurance insolvency guaranty funds not applicable to risk retention groups.

Section 38a-260. (Formerly Sec. 38-540). - Applicability of insurance laws to purchasing groups. Certain disclosures required. When.

Section 38a-261. (Formerly Sec. 38-541). - Purchasing group to furnish notice to Insurance Commissioner.

Section 38a-262. (Formerly Sec. 38-542). - Authority of Insurance Commissioner.

Section 38a-263. (Formerly Sec. 38-543). - License required for producers.

Section 38a-264. (Formerly Sec. 38-544). - Penalties for violations of chapter.

Section 38a-265. (Formerly Sec. 38-545). - Federal injunctions enforceable in state courts.

Section 38a-266. (Formerly Sec. 38-546). - Regulations by Insurance Commissioner.