No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.
(P.A. 87-135, S. 9, 18.)
History: Sec. 38-538 transferred to Sec. 38a-258 in 1991.
Structure Connecticut General Statutes
Chapter 698c - Risk Retention Groups
Section 38a-250. (Formerly Sec. 38-530). - Definitions.
Section 38a-251a. - Governance standards. Audit committee. Examination.
Section 38a-254. (Formerly Sec. 38-534). - Premiums subject to taxation.
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.