Connecticut General Statutes
Chapter 698c - Risk Retention Groups
Section 38a-259. (Formerly Sec. 38-539). - Insurance insolvency guaranty funds not applicable to risk retention groups.

No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds, receive any benefit from any such fund for claims arising out of the operations of such risk retention group.

(P.A. 87-135, S. 10, 18.)
History: Sec. 38-539 transferred to Sec. 38a-259 in 1991.

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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.