Sections 38a-836 to 38a-853, inclusive, shall apply to all kinds of direct insurance, except:
(1) Life, annuity, health or disability insurance;
(2) Mortgage guaranty, financial guaranty or other forms of insurance offering protection against investment risks;
(3) Fidelity or surety or any bonding obligations;
(4) Credit insurance, vendors' single interest insurance, or collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;
(5) Insurance of warranties or service contracts, including insurance that provides for the repair, replacement or service of goods or property, or indemnification for repair, replacement or service, for the operational or structural failure of the goods or property due to a defect in materials, workmanship or normal wear and tear, or that provides reimbursement for the liability incurred by the issuer of agreements or service contracts that provide such benefits;
(6) Title insurance;
(7) Ocean marine insurance;
(8) Any transaction or combination of transactions between a person, including affiliates of such person, and an insurer, including affiliates of such insurer, which involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk;
(9) Any insurance provided by or guaranteed by government; or
(10) Flood insurance pursuant to the federal Flood Disaster Protection Act of 1973, as amended, 42 USC Section 4001, et seq.
(1971, P.A. 466, S. 2; P.A. 86-63; P.A. 88-76, S. 1, 10; P.A. 97-125, S. 1, 9.)
History: P.A. 86-63 provided that certain types of flood insurance shall not be subject to the provisions of chapter 687; P.A. 88-76 excepted financial guaranty insurance from the provisions of this chapter; Sec. 38-274 transferred to Sec. 38a-837 in 1991; P.A. 97-125 reorganized section by expending types of excepted insurance and adding Subdiv. designators, effective July 1, 1997.
Cited. 217 C. 371.
Structure Connecticut General Statutes
Chapter 704a - Insurance Guaranty Funds
Section 38a-837. (Formerly Sec. 38-274). - Application of chapter.
Section 38a-838. (Formerly Sec. 38-275). - Definitions.
Section 38a-842. (Formerly Sec. 38-279). - Plan of operation.
Section 38a-843. (Formerly Sec. 38-280). - Insolvent insurers. Penalty. Petition to show cause.
Section 38a-846. (Formerly Sec. 38-283). - Detection and prevention of insurer insolvencies.
Section 38a-848. (Formerly Sec. 38-285). - Exemption from fees and taxes. Exception.
Section 38a-849. (Formerly Sec. 38-286). - Rates and premiums to include recoupment of assessments.
Section 38a-852. (Formerly Sec. 38-288a). - Prohibited unfair trade practice.
Section 38a-853. (Formerly Sec. 38-289). - Regulations.
Section 38a-859. (Formerly Sec. 38-302). - Association of member insurers.
Section 38a-860. (Formerly Sec. 38-303). - Application of chapter. Obligations of association.
Section 38a-861. (Formerly Sec. 38-304). - Liberal construction.
Section 38a-862. (Formerly Sec. 38-305). - Definitions.
Section 38a-863. (Formerly Sec. 38-306). - Creation of association. Accounts. Supervision.
Section 38a-864. (Formerly Sec. 38-307). - Board of directors.
Section 38a-865. (Formerly Sec. 38-308). - Powers.
Section 38a-866. (Formerly Sec. 38-309). - Assessments.
Section 38a-867. (Formerly Sec. 38-310). - Plan of operation.
Section 38a-868. (Formerly Sec. 38-311). - Duties of commissioner.
Section 38a-869. (Formerly Sec. 38-312). - Action by board of directors. Examination of insurer.
Section 38a-872. (Formerly Sec. 38-315). - Examination and regulation of association. Reports.
Section 38a-873. (Formerly Sec. 38-316). - Exemption from fees and taxes.
Section 38a-874. (Formerly Sec. 38-317). - Immunity.
Section 38a-875. (Formerly Sec. 38-318). - Stay of proceedings in which impaired insurer a party.
Section 38a-880. - Brokered Transactions Guaranty Fund.
Section 38a-881. - Fee payable to fund.
Section 38a-882. - Level of guaranty fund. Credits to General Fund. Assessment of additional fee.
Section 38a-883. - Limitation of actions.
Section 38a-885. - Penalty for false or untrue claim.
Section 38a-886. - Procedure. Application to the Superior Court.
Section 38a-887. - Payment from guaranty fund.