Connecticut General Statutes
Chapter 704c - Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies
Section 38a-956. (Formerly Sec. 38-474). - Ancillary summary proceedings.

The commissioner in his sole discretion may institute proceedings pursuant to sections 38a-911 to 38a-913, inclusive, at the request of the commissioner or other appropriate insurance official of the domiciliary state of any foreign or alien insurer having property located in this state.

(P.A. 79-382, S. 54.)
History: Sec. 38-474 transferred to Sec. 38a-956 in 1991.

Structure Connecticut General Statutes

Connecticut General Statutes

Title 38a - Insurance

Chapter 704c - Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies

Section 38a-903. (Formerly Sec. 38-421). - Short title: Insurers Rehabilitation and Liquidation Act. Interpretation. Applicability.

Section 38a-904. (Formerly Sec. 38-422). - Application of provisions.

Section 38a-905. (Formerly Sec. 38-423). - Definitions.

Section 38a-906. (Formerly Sec. 38-424). - Jurisdiction and venue.

Section 38a-907. (Formerly Sec. 38-425). - Injunctions, orders and stays.

Section 38a-908. (Formerly Sec. 38-426). - Cooperation of officers, owners and employees. Penalties.

Section 38a-909. (Formerly Sec. 38-427). - Persons afforded protection. Official immunity. Segregation of funds. Bonds.

Section 38a-910. (Formerly Sec. 38-428). - Continuation of delinquency proceedings.

Section 38a-911. (Formerly Sec. 38-429). - Delinquency proceeding: Limitations and conditions.

Section 38a-912. (Formerly Sec. 38-430). - Seizure order by court.

Section 38a-913. (Formerly Sec. 38-431). - Confidentiality of proceedings.

Section 38a-913a. - Records of delinquent insurer. Use as evidence. Applicability of Freedom of Information Act. Costs of producing records.

Section 38a-914. (Formerly Sec. 38-432). - Grounds for rehabilitation.

Section 38a-915. (Formerly Sec. 38-433). - Rehabilitation orders. Appointment of judge to supervise rehabilitation. Accounting. Appeals.

Section 38a-916. (Formerly Sec. 38-434). - Powers and duties of the rehabilitator. Advisory committees.

Section 38a-917. (Formerly Sec. 38-435). - Actions by and against rehabilitator.

Section 38a-918. (Formerly Sec. 38-436). - Order of liquidation. Termination of rehabilitation.

Section 38a-919. (Formerly Sec. 38-437). - Grounds for liquidation.

Section 38a-920. (Formerly Sec. 38-438). - Liquidation orders. Financial reports: Contents and filings. Handling of claim obligations. Appointment of judge to supervise liquidation. Preference of claims. Appeals.

Section 38a-921. (Formerly Sec. 38-439). - Continuance of coverage. Cancellation of bond or surety undertaking.

Section 38a-922. (Formerly Sec. 38-440). - Dissolution of insurer.

Section 38a-923. (Formerly Sec. 38-441). - Powers of liquidator.

Section 38a-924. (Formerly Sec. 38-442). - Notice to creditors and others. Requirements. Exceptions.

Section 38a-925. (Formerly Sec. 38-443). - Duties of agents. Penalty.

Section 38a-926. (Formerly Sec. 38-444). - Actions by and against liquidator.

Section 38a-927. (Formerly Sec. 38-445). - List of assets.

Section 38a-928. (Formerly Sec. 38-446). - Fraudulent transfers prior to petition.

Section 38a-929. (Formerly Sec. 38-447). - Fraudulent transfer after petition.

Section 38a-930. (Formerly Sec. 38-448). - Voidable preferences and liens. Exceptions.

Section 38a-931. (Formerly Sec. 38-449). - Claims of holders of void or voidable rights.

Section 38a-932. (Formerly Sec. 38-450). - Set-offs and counterclaims. Accounting statements.

Section 38a-933. (Formerly Sec. 38-451). - Assessments.

Section 38a-933a. - Amounts recoverable. Affiliate liability. Timing of proceedings.

Section 38a-934. (Formerly Sec. 38-452.) - Reinsurer's liability.

Section 38a-935. (Formerly Sec. 38-453). - Recovery of premiums owed. Penalty. Appeals.

Section 38a-936. (Formerly Sec. 38-454). - Liquidator's proposal to distribute assets.

Section 38a-937. (Formerly Sec. 38-455). - Filing of claims.

Section 38a-938. (Formerly Sec. 38-456). - Proof of claim.

Section 38a-939. (Formerly Sec. 38-457). - Special claims.

Section 38a-940. (Formerly Sec. 38-458). - Special provisions for third party claims. Liquidator recommendations. Provisions not applicable to claims covered by guaranty association.

Section 38a-941. (Formerly Sec. 38-459). - Disputed claims. Hearings. Procedure.

Section 38a-942. (Formerly Sec. 38-460). - Claims of surety.

Section 38a-943. (Formerly Sec. 38-461). - Secured creditor's claims.

Section 38a-944. (Formerly Sec. 38-462). - Priority of distribution of claims.

Section 38a-944a. - Additional rights. Netting agreements. Qualified financial contracts. Security arrangements.

Section 38a-945. (Formerly Sec. 38-463). - Liquidator's recommendations to the court.

Section 38a-946. (Formerly Sec. 38-464). - Distribution of assets.

Section 38a-947. (Formerly Sec. 38-465). - Unclaimed and withheld funds.

Section 38a-948. (Formerly Sec. 38-466). - Termination of proceedings.

Section 38a-949. (Formerly Sec. 38-467). - Reopening liquidation.

Section 38a-950. (Formerly Sec. 38-468). - Disposition of records during and after termination of liquidation.

Section 38a-951. (Formerly Sec. 38-469). - External audit of the receiver's books.

Section 38a-952. (Formerly Sec. 38-470). - Conservation of property of foreign or alien insurers found in this state. Termination of conservation. Appointment of judge to supervise ancillary proceeding.

Section 38a-953. (Formerly Sec. 38-471). - Liquidation of property of foreign or alien insurers found in this state.

Section 38a-954. (Formerly Sec. 38-472). - Domiciliary liquidators in other states.

Section 38a-955. (Formerly Sec. 38-473). - Ancillary formal proceedings.

Section 38a-956. (Formerly Sec. 38-474). - Ancillary summary proceedings.

Section 38a-957. (Formerly Sec. 38-475). - Claims of nonresidents against insurers domiciled in this state.

Section 38a-958. (Formerly Sec. 38-476). - Commissioner as ancillary receiver for insurers not domiciled in this state.

Section 38a-959. (Formerly Sec. 38-477). - Attachment, garnishment or levy of execution not to be commenced.

Section 38a-960. (Formerly Sec. 38-478). - Interstate priorities.

Section 38a-961. (Formerly Sec. 38-479). - Subordination of claims for noncooperation.

Section 38a-962. - Definitions.

Section 38a-962a. - Applicability.

Section 38a-962b. - Administrative supervision by the commissioner.

Section 38a-962c. - Confidentiality of proceedings, hearings, records, reports and correspondence. Exception.

Section 38a-962d. - Prohibited activities during supervision. Prior approval.

Section 38a-962e. - Contested action. Appeal.

Section 38a-962f. - Judicial or other delinquency proceedings.

Section 38a-962g. - Regulations.

Section 38a-962h. - Supervision proceeding: Contact with commissioner allowed.

Section 38a-962i. - Immunity from liability.

Section 38a-962j. - Right of recovery.

Section 38a-966 to 38a-970. (Formerly Secs. 38-136 to 38-140). - Assets to vest in commissioner on repeal of charter. Powers and duties of commissioner. Limitation of time for presentation of claims. Valuation of policies in force. Application of ass...