Connecticut General Statutes
Chapter 700b - Life Insurance, Annuities, Burial Contracts and Life Settlements
Section 38a-447. (Formerly Sec. 38-150). - Discrimination against persons on the basis of race, sexual orientation, gender identity, status as a victim of domestic violence or erased criminal history record information prohibited.

No life insurance company doing business in this state may: (1) Make any distinction or discrimination between persons on the basis of race, sexual orientation, gender identity, status as a victim of domestic violence or erased criminal history record information, as defined in section 46a-80a, as to the premiums or rates charged for policies upon the lives of such persons; (2) demand or require greater premiums from persons of one race, sexual orientation or gender identity than such as are at that time required by that company from persons of another race, sexual orientation or gender identity, or persons who have been victims of domestic violence than such as are at that time required by that company from persons who have not been victims of domestic violence, of the same age, sex, general condition of health and hope of longevity; (3) demand or require greater premiums from persons with erased criminal history record information than such as are at that time required by that company from persons without erased criminal history record information of the same age, sex, general conditions of health and hope of longevity; or (4) make or require any rebate, diminution or discount on the basis of race, sexual orientation, gender identity, status as a victim of domestic violence or erased criminal history record information upon the sum to be paid on any policy in case of the death of any person insured, nor insert in the policy any condition, nor make any stipulation whereby such person insured shall bind such person, such person's heirs, executors, administrators or assigns to accept any sum less than the full value or amount of such policy, in case of a claim accruing thereon by reason of the death of such person insured, other than such as are imposed upon all persons in similar cases; and each such stipulation or condition so made or inserted shall be void. For the purposes of this section, “victim of domestic violence” has the same meaning as provided in section 17b-112a.

(1949 Rev., S. 6140; P.A. 90-243, S. 170; P.A. 21-32, S. 28; 21-93, S. 2.)
History: P.A. 90-243 divided the section into Subsecs., substituted “may” for “shall” and deleted references to specific groups and inserted a general prohibition against discrimination; Sec. 38-150 transferred to Sec. 38a-447 in 1991; P.A. 21-32 added language re erased criminal history record information throughout, added new Subdiv. (3) re greater premiums from persons with erased criminal history record information and redesignated existing Subdiv. (3) as Subdiv. (4), effective January 1, 2023; P.A. 21-93 added provisions re sexual orientation, gender identity and victims of domestic violence; (Revisor's note: In 2023, the changes made by P.A. 21-93, S. 2, were incorporated editorially by the Revisors in the version of this section, as amended by P.A. 21-32, S. 28, that became effective on January 1, 2023).

Structure Connecticut General Statutes

Connecticut General Statutes

Title 38a - Insurance

Chapter 700b - Life Insurance, Annuities, Burial Contracts and Life Settlements

Section 38a-430. (Formerly Sec. 38-135a). - Approval of form of life insurance and annuity policies and contracts. War or military service coverage exclusion prohibited. Optional health insurance riders.

Section 38a-431. (Formerly Sec. 38-153). - Group insurance.

Section 38a-432. (Formerly Sec. 38-154). - Annuities.

Section 38a-432a. - Regulations concerning consumer annuity transactions.

Section 38a-432b. - Regulations concerning solicitation and sale of life insurance and annuities to senior citizens. Disciplinary action.

Section 38a-433. (Formerly Sec. 38-154a). - Life insurance or annuities payable in fixed or variable amounts. Accumulation of funds pursuant to funding agreements.

Section 38a-434. (Formerly Sec. 38-155). - Insurance against accident and disease.

Section 38a-435. (Formerly Sec. 38-147a). - Regulations re replacement of or borrowing on life insurance products, policies or contracts.

Section 38a-436. (Formerly Sec. 38-157a). - Notice of voidability of individual insurance contracts. Procedure. Time limit.

Section 38a-436a. - Designation of third party to receive cancellation notices of individual life insurance policies.

Section 38a-437. (Formerly Sec. 38-158). - Copy of application to be furnished.

Section 38a-438. (Formerly Sec. 38-130b). - Short title: Standard Nonforfeiture Law.

Section 38a-439. (Formerly Sec. 38-130c). - Minimum nonforfeiture benefits for life insurance policyholders who default in premium payments. Cash surrender value.

Section 38a-440. (Formerly Sec. 38-130d). - Minimum nonforfeiture benefits for annuity contract holders upon cessation of payment of considerations under a contract.

Section 38a-441. (Formerly Sec. 38-159c). - Notice to insured when life insurance policy paid up.

Section 38a-442. (Formerly Sec. 38-156). - Dating back of policies prohibited.

Section 38a-443. (Formerly Sec. 38-147). - Premium notes.

Section 38a-444. (Formerly Sec. 38-147b). - Life insurance policy loans. Interest rate allowable.

Section 38a-445. (Formerly Sec. 38-160). - Deferring the granting of loans and surrender values.

Section 38a-446. (Formerly Sec. 38-149). - Discrimination in favor of individuals prohibited.

Section 38a-447. (Formerly Sec. 38-150). - Discrimination against persons on the basis of race, sexual orientation, gender identity, status as a victim of domestic violence or erased criminal history record information prohibited.

Section 38a-447a. - Exclusion of coverage on the basis of naloxone prescription prohibited.

Section 38a-448 and 38a-449. (Formerly Secs. 38-151 and 38-152). - Affidavit of examining physician.

Section 38a-450. (Formerly Sec. 38-159). - Certain corporations and associations may be made beneficiaries.

Section 38a-451. (Formerly Sec. 38-159a). - Trustee as beneficiary of policy.

Section 38a-452. (Formerly Sec. 38-159b). - Payment of interest on life insurance death benefits.

Section 38a-453. (Formerly Sec. 38-161). - Rights of creditors of insured against beneficiary.

Section 38a-454. (Formerly Sec. 38-162). - Proceeds of insurance policies and annuities may be held in trust.

Section 38a-455. - Assignment of incidents of ownership under group life policy.

Section 38a-456. - Notice of cancellation or discontinuation of group life insurance coverage. Penalty.

Section 38a-457. - Accelerated benefits of life insurance policies.

Section 38a-458. - Life insurance policies and annuities providing long-term care benefits. Regulations.

Section 38a-458a. - Option for certain insurers to combine long-term care coverage with certain life, endowment or annuity coverages.

Section 38a-459. (Formerly Sec. 38-33a). - Funding agreements by domestic life insurance companies. Establishment of companies' obligations. Segregation of moneys.

Section 38a-460. - Accumulation fund arrangements. Definition.

Section 38a-447. (Formerly Sec. 38-150). *(See end of section for - Discrimination against persons on the basis of race, sexual orientation, gender identity, or status as a victim of domestic violence prohibited.

Section 38a-464. (Formerly Sec. 38-32). - Burial contracts; license from Insurance Commissioner.

Section 38a-465. - Definitions.

Section 38a-465a. - Licensing of life settlement providers and brokers.

Section 38a-465b. - Denial, suspension or revocation of license. Refusal to renew license. Appeals.

Section 38a-465c. - Contract form and disclosure statements. Filing and approval requirements. Disclosure of life settlement contract availability and lawful assignment not to be prohibited.

Section 38a-465d. - Annual statements. Penalty. Confidentiality of insured's information. Reasons for disclosure of insured's identity.

Section 38a-465e. - Examination of licensees and applicants. Commissioner's access to records. Retention of records. Expenses of examination. Confidentiality of examination workpapers and reports.

Section 38a-465f. - Required disclosures.

Section 38a-465g. - Prerequisites to a life settlement contract wherein insured is terminally or chronically ill. Medical release and confidentiality of medical information. Verification of coverage. Notice to insurer. Change of ownership or benefici...

Section 38a-465h. - Premium finance loans. Disclosures and certifications.

Section 38a-465i. - Violations.

Section 38a-465j. - Fraudulent life settlement acts prohibited. Confidentiality of documents and evidence. Antifraud plans.

Section 38a-465k. - Injunctions. Cease and desist orders. Damages.

Section 38a-465l. - Penalties.

Section 38a-465m. - Regulations. Imposition of bond or other mechanism as proof of financial accountability. Conflict of laws.

Section 38a-465n. - Life settlement advertisements.

Section 38a-465o. - Life settlement broker deemed to represent only the owner. Fiduciary duty to owner.

Section 38a-465p. - Provider or broker lawfully transacting business in the state or person lawfully negotiating life settlement contracts prior to October 1, 2008.

Section 38a-465q. - Related provider trusts.