A risk retention group that violates any provision of sections 38a-250 to 38a-266, inclusive, shall be subject to fines and penalties applicable to licensed insurers generally, including revocation of its license and the right to do business in this state.
(P.A. 87-135, S. 15, 18; P.A. 17-15, S. 21.)
History: Sec. 38-544 transferred to Sec. 38a-264 in 1991; P.A. 17-15 made a technical change.
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.