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Section 38a-41. (Formerly Sec. 38-20). - Authority to do business. Licensure. Revocation or refusal to renew license. Fines. Company owned by a state or foreign nation or company controlled by insureds not to be issued license. Appeals. Plan of opera... - (a) No insurance company or health care center shall do...
Section 38a-41a. - Certificate authorizing formation of insurance company or health care center. Information required by commissioner. Costs. - (a) A certificate authorizing the formation of a corporation to...
Section 38a-42. (Formerly Sec. 38-20b). - Contracts with life, accident or health insurance producers. - (a) Except as provided in subsection (b) of this section,...
Section 38a-43. (Formerly Sec. 38-22). - Certain insurance companies and health care centers may be prohibited from transacting business in this state. - Whenever it appears to the commissioner that permission to transact...
Section 38a-44. (Formerly Sec. 38-64b). - Notice to commissioner of intent to discontinue line of insurance. - Any insurer licensed to do business in this state, or...
Section 38a-45. (Formerly Sec. 38-29). - Limitation on title insurance and mortgage guaranty insurance. - No corporation shall insure or guarantee titles to real estate...
Section 38a-46. (Formerly Sec. 38-30). - Writing of participating and nonparticipating insurance by domestic stock and mutual insurance companies. - Any domestic insurance company, either mutual or having capital stock,...
Section 38a-47. (Formerly Sec. 38-53a). - Payments by domestic insurance companies for expenditures of Insurance Department and amount appropriated to Office of Health Strategy from Insurance Fund. - (a) All domestic insurance companies and other domestic entities subject...
Section 38a-48. (Formerly Sec. 38-53b). - Assessment of payments by domestic insurance companies. Adjustments. Penalty. Interest. Payments credited to Insurance Fund. Allocation of assessments. - (a) On or before June thirtieth, annually, the Commissioner of...
Section 38a-49. (Formerly Sec. 38-51). - Fraternal benefit societies and foreign or alien companies to reimburse state for costs of examination. - All fraternal benefit societies and all foreign and alien insurance...
Section 38a-50. (Formerly Sec. 38-52). - Fraternal, foreign and alien life insurers to reimburse state for costs of valuation. - All fraternal benefit societies and all foreign and alien life...
Section 38a-51. (Formerly Sec. 38-53). - Assessment of costs of examination and valuation. Payments credited to Insurance Fund. - On or before August first, annually, the commissioner shall render...
Section 38a-52. (Formerly Sec. 38-54). - Appeal from assessment. - Any (1) domestic insurance company or other domestic entity aggrieved...
Section 38a-52a. - Insurance Fund established. - There is established a fund to be known as the...
Section 38a-53. (Formerly Sec. 38-24). - Requirements re filing of annual reports and financial statements. Late filing fee. Due date extensions. - (a)(1) Each domestic insurance company or domestic health care center...
Section 38a-53a. - Annual statement convention blank filing with the National Association of Insurance Commissioners. Financial statements and other information filing with the National Association of Insurance Commissioners. - Each domestic, foreign and alien insurer authorized to transact insurance...
Section 38a-54. - Audited reports. - (a) Each domestic insurance company, domestic health care center or...
Section 38a-55. - Hypothecation of assets. - (a) No domestic insurer, domestic health care center or domestic...
Section 38a-56. (Formerly Sec. 38-19). - False returns to commissioner. - Any person who wilfully makes any false report to the...
Section 38a-57. (Formerly Sec. 38-26a). - Retention of records and assets in state. - Each domestic insurance company shall maintain, within the state, such...
Section 38a-58. (Formerly Sec. 38-40). - Change of location of domestic insurance company. - Any domestic insurance company may change its location from one...
Section 38a-58a. - Transfer of domicile: By foreign insurance company to this state; by domestic insurance company to another state. Procedures. - (a) Any insurer that is organized under the laws of...
Section 38a-58b. - Definitions. - As used in this section and sections 38a-58c to 38a-58g,...
Section 38a-58c. - Applicability of state laws to alien insurer's United States branch. - Unless otherwise provided, all applicable state laws that apply to...
Section 38a-58d. - Use of state as alien insurer's state of entry. Requirements. Examination of trusteed assets. Revocation of license and liquidation of United States branch. - (a) An alien insurer may use this state as such...
Section 38a-58e. - Annual and quarterly statements by United States branch. - (a) Not later than March first, annually, for an annual...
Section 38a-58f. - Issuance and renewal of United States branch license. Proceeding against United States branch. - (a) Before issuing or renewing a United States branch's license...
Section 38a-58g. - Domestication of alien insurer's United States branch. - (a) An alien insurer whose United States branch is licensed...
Section 38a-59. (Formerly Sec. 38-42a). - Change of name of domestic insurance company or domestic health care center with capital stock. - An amendment to the certificate of incorporation of a domestic...
Section 38a-60. (Formerly Sec. 38-27a). - Continuity of management during national emergencies. - (a) The board of directors of a domestic insurance company...
Section 38a-61. (Formerly Sec. 38-134). - Limitation of use of power of attorney. - No power of attorney to vote at any meeting of...
Section 38a-62. (Formerly Sec. 38-27b). - Indemnification of directors, officers and employees of mutual insurance companies. - (a) Except as otherwise provided in this section, a domestic...
Section 38a-63. - Limitation of liability of director of mutual insurance company. - (a) The personal liability of a director of a mutual...
Section 38a-64. (Formerly Sec. 38-41). - Donations by domestic mutual companies. - Each domestic mutual insurance company, in addition to all other...
Section 38a-65. (Formerly Sec. 38-48). - Disposition of unclaimed dividends of insolvent company. - Section 38a-65 is repealed, effective October 1, 1998. (1949 Rev.,...
Section 38a-66. - Reinsurance of insurance business with other insurers by agreement of bulk reinsurance. - (a) Any insurance company authorized to do business in this...
Section 38a-67. - Reporting requirement for cancellations and revisions of ceded reinsurance agreements. - (a) Every insurer domiciled in this state shall file a...
Section 38a-67a. - Acquisitions and dispositions of assets, reporting requirement waived, when. Asset acquisitions and dispositions, defined. Information required to be disclosed. - (a) No acquisitions or dispositions of assets need be reported...
Section 38a-67b. - Nonrenewals, cancellations or revisions, reporting requirement waived, when. Information required to be disclosed. - (a)(1) Nonrenewals, cancellations or revisions of ceded reinsurance agreements need...
Section 38a-69. - Scope of provisions. - Except as otherwise provided in this title, sections 38a-11, 38a-50,...
Section 38a-69a. - Confidentiality of financial examination workpapers and operating and financial condition reports. Confidentiality of certain supplemental compensation exhibits and stockholder information supplements. Exceptions. - (a) All financial analyses, financial examination workpapers, operating and financial...
Section 38a-70. - Accounting standards. - When adopting accounting rules and minimum valuation standards, the commissioner...
Section 38a-71. - Minimum asset requirements. Minimum capital and minimum surplus requirements. - (a) As used in this section: (1) “Qualified assets” means:...
Section 38a-72. (Formerly Sec. 38-93). - Financial requirements to license an insurance company. - (a) No property or casualty insurance company and no life...
Section 38a-72a. - Regulations. - The Insurance Commissioner shall adopt regulations, in accordance with chapter...
Section 38a-73. (Formerly Sec. 38-110). - Limitation of risks. - (a) No stock insurance company doing business in this state...
Section 38a-74 and 38a-75. (Formerly Secs. 38-94 and 38-95). - Estimation of trusteed surplus. Appointment of trustees; examinations by commissioner. - Sections 38a-74 and 38a-75 are repealed, effective June 6, 2014....
Section 38a-76. (Formerly Sec. 38-25). - Reserves. - (a) Each insurance company transacting business in this state shall,...
Section 38a-77. (Formerly Sec. 38-130). - Valuation of reserve. - (a) The commissioner, upon receipt of the annual report of...
Section 38a-78. (Formerly Sec. 38-130e). - Ascertainment of reserves for insurance policies and contracts issued prior to and on or after operative date of NAIC Valuation Manual. Actuarial opinions and memoranda. Confidentiality. - (a)(1)(A) The provisions of this subdivision shall apply, unless otherwise...
Section 38a-78a. - NAIC Valuation Manual. Operative date changes. Requirements. - (a)(1) The operative date of the Valuation Manual, as defined...
Section 38a-79. (Formerly Sec. 38-26). - Valuation of securities. - Section 38a-79 is repealed. (1949 Rev., S. 6084; P.A. 90-243,...
Section 38a-79a. - Short title: Standard Valuation Law. - Sections 38a-77, 38a-78 and 38a-78a shall be known as the...
Section 38a-80. (Formerly Sec. 38-164). - Premium reserve for health, accident and liability business. - Each domestic, foreign and alien insurance company which, in this...
Section 38a-81. (Formerly Sec. 38-132). - Sale of property taken for debts. - In any case in which any domestic life insurance company...
Section 38a-82. (Formerly Sec. 38-133). - Improvement of real estate. - Domestic life insurance companies may improve any real estate obtained...
Section 38a-83. (Formerly Sec. 38-43). - Securities required by other states deposited with State Treasurer. - (a) When any state requires insurance companies of other states...
Section 38a-84. (Formerly Sec. 38-47). - Securities to be delivered to receiver. - Whenever a receiver is appointed in this state of any...
Section 38a-85. - Credit allowed a domestic ceding insurer. Filing of annual reports, certifications and financial statements. Assuming insurers and reciprocal jurisdictions. Suspension or revocation of accreditation or certification. Proportionality... - (a)(1) Credit for reinsurance shall be allowed a domestic ceding...
Section 38a-85a. - Certification as a reinsurer. Regulations. - (a)(1) To be eligible for certification by the commissioner as...
Section 38a-86. - Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer. Regulations. - (a) A credit for an asset or a reduction in...
Section 38a-87. - Qualified United States financial institutions. - For purposes of those provisions of sections 38a-85 to 38a-89,...
Section 38a-88. - Regulations. - (a) The commissioner shall adopt regulations in accordance with the...
Section 38a-88a. - Insurance business investments through fund managers. Invest CT funds. Tax credits. Regulations. - (a) As used in this section: (1) “Facility” means an...
Section 38a-88b. - Applicability of section 38a-88a. - (a) The provisions of section 38a-88a of the general statutes,...
Section 38a-89. - Reinsurance agreements affected. - Sections 38a-85 to 38a-88, inclusive, shall apply to reinsurance agreements...
Section 38a-90. - Short title: Managing General Agents Act. - Sections 38a-90 to 38a-90h, inclusive, may be cited as the...
Section 38a-90a. - Definitions. - As used in sections 38a-90 to 38a-90h, inclusive: (1) “Actuary”...
Section 38a-90b. - Licensing of managing general agents. - (a) No person, firm, association or corporation shall act in...
Section 38a-90c. - Contractual agreement between insurer and managing general agent. Minimum provisions of the contract. - No person, firm, association or corporation acting in the capacity...
Section 38a-90d. - Duties of the insurer. - (a) The insurer shall have on file an independent financial...
Section 38a-90e. - Acts of managing general agent considered to be acts of insurer. Examination of the managing general agent. - The acts of the managing general agent are considered to...
Section 38a-90f. - Violations of the Managing General Agents Act. Hearing and notices. Fines. Loss or damage due to noncompliance rehabilitation or liquidation. Civil actions and other relief. - (a) If the commissioner finds after reasonable notice and hearing...
Section 38a-90g. - Regulations. - The Insurance Commissioner may adopt such reasonable regulations as he...
Section 38a-90h. - Utilization of managing general agent's services. Exceptions. - No insurer may continue to utilize the services of a...
Section 38a-91. - Definitions. - As used in sections 38a-91 to 38a-91d, inclusive: (1) “Accredited...
Section 38a-91a. - Insurers affected. - Sections 38a-91 to 38a-91d, inclusive, shall apply to licensed insurers...
Section 38a-91aa. - Captive insurance companies. Definitions. - As used in this section, sections 38a-91bb to 38a-91uu, inclusive,...
Section 38a-91b. - Controlled insurers. Applicability. Minimum provisions. - (a)(1) The provisions of this section shall apply if, in...
Section 38a-91bb. - Captive insurance companies. Licenses. Fees. - (a) Any captive insurance company, when permitted by its articles...
Section 38a-91c. - Disclosure to insured by controlling producer. Exception. - The controlling producer, prior to the effective date of the...
Section 38a-91cc. - Same or deceptively similar name prohibited. - No captive insurance company shall adopt a name that is...
Section 38a-91d. - Noncompliance: Remedies allowed. - (a)(1) If the commissioner believes that the controlling producer or...
Section 38a-91dd. - Capital and surplus requirements. - (a)(1) Except as provided in subdivision (3) of this subsection,...
Section 38a-91ee. - Payment of dividends and other distributions. - (a) No captive insurance company may pay a dividend out...
Section 38a-91ff. - Incorporation and formation. Transfer of domicile. - (a) A pure captive insurance company may be incorporated as...
Section 38a-91gg. - Annual reports. - (a) Captive insurance companies shall not be required to make...
Section 38a-91hh. - Examinations of captive insurance companies. Costs. Confidentiality of financial examination workpapers and reports. - (a)(1) Except as provided in subdivision (3) of this subsection,...
Section 38a-91ii. - Suspension, revocation or refusal to renew license. Amendment or modification of a special purpose financial captive insurance company's license. - (a)(1) The commissioner may, at any time, for cause, suspend,...
Section 38a-91jj. - Applicability of state investment laws. Certain loans and investments required to be approved by commissioner. Loans of minimum capital and surplus funds prohibited. - (a) Association captive insurance companies and risk retention groups shall...
Section 38a-91k. - Captive insurers: Information to be submitted to commissioner. - Each captive insurer that is domiciled in another state and...
Section 38a-91kk. - Reinsurance. - (a) Any captive insurance company may assume reinsurance from any...
Section 38a-91ll. - Rating organization. - No captive insurance company shall be required to join a...
Section 38a-91mm. - Guaranty association and insolvency fund exclusion. - No captive insurance company may join or contribute financially to...
Section 38a-91nn. - Direct premium receipts tax and assumed reinsurance premium receipts tax. Applicability of tax statutes. - (a) Each captive insurance company shall pay to the Commissioner...
Section 38a-91oo. - Applicability of insurance statutes. - (a) Unless otherwise provided in sections 38a-91aa to 38a-91tt, inclusive,...
Section 38a-91pp. - Conversions and mergers. Approval by commissioner. - (a) An association captive insurance company, risk retention group or...
Section 38a-91qq. - Regulations. - The commissioner may adopt regulations, in accordance with chapter 54,...
Section 38a-91rr. - Establishment of protected cells and incorporated protected cells by a sponsored captive insurance company. Extent of obligations. Recourse. - (a) Each sponsored captive insurance company may establish and maintain...
Section 38a-91ss. - Additional requirements for a special purpose financial captive insurance company. - (a) Not later than thirty days after the closing on...
Section 38a-91tt. - Additional requirements for a sponsored captive insurance company licensed as a special purpose financial captive insurance company. - (a) The provisions of this section shall apply to a...
Section 38a-91uu. - Dormant captive insurance company. Certificate of dormancy. Capital and surplus. - (a) For the purposes of this section, unless the context...
Section 38a-91vv. - Establishment of captive insurance company to provide assistance to owners of residential buildings with concrete foundations that have deteriorated due to presence of pyrrhotite. Reports. Public hearings. Applications for assista... - (a) A captive insurance company shall be established by the...
Section 38a-91ww. - Agency captive insurance companies. Corporate form. - An agency captive insurance company may be incorporated as (1)...
Section 38a-91xx. - Agency captive insurance companies. Authority to do business. - (a) No agency captive insurance company may transact insurance business...
Section 38a-92. - Financial Guaranty Insurance Act, generally. - (a) Sections 38a-92 to 38a-92n, inclusive, shall apply to financial...
Section 38a-92a. - Definitions. - As used in sections 38a-41, 38a-72 and 38a-92 to 38a-92n,...
Section 38a-92b. - Licensing of financial guaranty insurance corporations. Reinsurance. - (a) Each financial guaranty insurance corporation may transact financial guaranty...
Section 38a-92c. - Contingency reserves. - (a) Each licensed financial guaranty insurance corporation shall establish and...
Section 38a-92d. - Reserves against unpaid losses and loss expense. - (a) Each financial guaranty insurance corporation shall establish and maintain...
Section 38a-92e. - Unearned premium reserve. - Each licensed financial guaranty insurance corporation shall establish and maintain...
Section 38a-92f. - Disclosures in prospectus or other offering document. - Each licensed financial guaranty insurance corporation shall adopt procedures reasonably...
Section 38a-92g. - Financial guaranty insurance transactions. Exceptions. - (a) Except as otherwise provided in section 38a-92l or 38a-92m,...
Section 38a-92h. - Copies of relevant materials. - Each licensed financial guaranty insurance corporation shall keep copies of...
Section 38a-92i. - Net liability. Kinds of obligations. - (a) At least ninety-five per cent of a financial guaranty...
Section 38a-92j. - Limiting of exposure to loss on any one risk. - A financial guaranty insurance corporation licensed to transact financial guaranty...
Section 38a-92k. - Exceeding of limitations by licensed financial insurance corporations. Notification of commissioner. Hearing. - (a) If a licensed financial insurance corporation at any time...
Section 38a-92l. - Other licensed insurers transacting financial guaranty insurance to be subject to provisions of this part. - On and after October 1, 1993, any insurer transacting financial...
Section 38a-92m. - Credit for reinsurance as an asset or as a reduction from liability, when. - (a) For financial guaranty insurance that takes effect on or...
Section 38a-92n. - Filing of policy forms and amendments with commissioner. - (a) Each licensed financial guaranty insurance corporation shall file all...
Section 38a-94 to 38a-101. (Formerly Secs. 38-141a to 38-146a and 38-148 - Domestic life insurers: Certain investments forbidden; unqualified loans and investments, limit permitted; investment in obligations guaranteed by federal or state government;... - Sections 38a-94 to 38a-101, inclusive, are repealed. (1949 Rev., S....
Section 38a-102. - Investments. Derivative financial transactions. Regulations. - (a) Except as otherwise limited or prohibited by sections 38a-102...
Section 38a-102a. - Nonadmitted investment assets. Divestiture order, notice and hearing. - (a) Investments made in excess of the limits prescribed in...
Section 38a-102b. - Definitions. - For the purposes of sections 38a-102 to 38a-102h, inclusive: (1)...
Section 38a-102c. - Investments of admitted assets. Limitations. - (a) A domestic insurer may invest up to ten per...
Section 38a-102d. - Affiliate relationships in the investment of admitted assets. Limitations. - (a) In addition to investments in common stock, preferred stock,...
Section 38a-102e. - Loan or investment prohibition. - No domestic insurer shall make any loan or investment, other...
Section 38a-102f. - Prohibition of compensation for negotiating a loan. - No director or officer of a domestic insurer shall receive...
Section 38a-102g. - Investments of foreign and alien insurers. - Foreign and alien insurers, as defined in section 38a-1, transacting...
Section 38a-102h. - Policies and procedures re use of special knowledge or information. - Each domestic insurer shall adopt policy and implementation procedures designed...
Section 38a-102i. - Exceptions. - None of the provisions of sections 38a-102 to 38a-102h, inclusive,...
Section 38a-117. (Formerly Sec. 38-68a). - Insider trading of equity securities. Definitions. - As used in sections 38a-118 to 38a-124, inclusive, “equity security”...
Section 38a-118. (Formerly Sec. 38-68b). - Beneficial owners of securities to file with commissioner. - Every person who is directly or indirectly the beneficial owner...
Section 38a-119. (Formerly Sec. 38-68c). - Disposition of certain profits realized by owners and officers. - For the purpose of preventing the unfair use of information...
Section 38a-120. (Formerly Sec. 38-68d). - Sales of securities restricted. - No such beneficial owner, director or officer, directly or indirectly,...
Section 38a-121. (Formerly Sec. 38-68e). - Excepted transactions. - The provisions of section 38a-119 shall not apply to any...
Section 38a-122. (Formerly Sec. 38-68f). - Foreign or domestic arbitrage transactions. - The provisions of sections 38a-118, 38a-119 and 38a-120 shall not...
Section 38a-123. (Formerly Sec. 38-68g). - Securities of certain companies not covered. - The provisions of sections 38a-118, 38a-119 and 38a-120 shall not...
Section 38a-124. (Formerly Sec. 38-68h). - Regulations. - The commissioner may, by regulation, exempt in whole or in...
Section 38a-129. (Formerly Sec. 38-39a). - Purpose. Definitions. Applicability to captive insurance companies. - (a) It shall be the purpose of sections 38a-129 to...
Section 38a-129a. - Presumption of control. - (a) For the purposes of sections 38a-129 to 38a-140, inclusive,...
Section 38a-130. (Formerly Sec. 38-39b). - Acquisition and divestiture of domestic insurance companies. Required statement and notice filings. Violations. - (a)(1) No person other than the issuer shall make a...
Section 38a-131. (Formerly Sec. 38-39c). - Acquisitions. Exemptions. Preacquisition notifications. Violations of competitive standards. Hearing. Penalties. - (a) For purposes of this section, (1) “acquisition” includes any...
Section 38a-132. (Formerly Sec. 38-39d). - Approval of acquisitions. Hearing. Expenses. - (a) The commissioner shall approve any merger or other acquisition...
Section 38a-133. (Formerly Sec. 38-39e). - Exemptions. - The provisions of sections 38a-130 and 38a-132 and subsection (i)...
Section 38a-134. (Formerly Sec. 38-39f). - Nonvotable securities. Injunctive relief. - (a) No security which is the subject of any agreement...
Section 38a-135. (Formerly Sec. 38-39g). - Insurance holding company system member registration. Registration statement. Annual enterprise risk report. Group capital calculation. Liquidity stress test framework. Termination of registration statement.... - (a) Every insurance company that is authorized to do business...
Section 38a-136. (Formerly Sec. 38-39h). - Requirements re transactions within an insurance holding company system. Prohibited transactions. Extraordinary dividends or distributions. Affiliate consent to jurisdiction. - (a) Transactions within an insurance holding company system to which...
Section 38a-137. (Formerly Sec. 38-39i). - Confidentiality of information. - (a) All information, documents, materials and copies thereof obtained by...
Section 38a-138. (Formerly Sec. 38-39j). - Regulations. - The commissioner may, after a public hearing called for the...
Section 38a-139. (Formerly Sec. 38-39k). - Appeals. - (a) Any person aggrieved by any regulation, order or other...
Section 38a-140. (Formerly Sec. 38-39l). - Remedial and penal provisions. - (a)(1) Whenever it appears to the commissioner that any insurance...
Section 38a-141. (Formerly Sec. 38-39m). - Financial and market conduct examination of acquired domestic insurance company. Transactions limited. Penalties. Regulations. - Section 38a-141 is repealed. (P.A. 87-302, S. 1, 2; P.A....
Section 38a-142. - Own risk and solvency assessments. Reports. Penalty. Exemptions. Confidentiality of documents, materials or other information. - (a) As used in this section: (1) “Insurance group” means...
Section 38a-142a. - Corporate governance annual disclosures. Confidentiality of documents, materials or other information. CGAD reviews. Penalty. - (a) As used in this section: (1) “Board” means the...
Section 38a-146. (Formerly Sec. 38-37). - Domestic insurance company may acquire stock of other companies. - Any domestic insurance company may retain or acquire the whole...
Section 38a-147. (Formerly Sec. 38-37a). - Solicitation of proxies. - (a) No person shall, in contravention of such regulations as...
Section 38a-148. (Formerly Sec. 38-37b). - Redemption of shares of domestic insurance company. Notice. Determination of fair value. - (a) Any stock of a domestic insurance corporation licensed to...
Section 38a-149. (Formerly Sec. 38-38). - Interlocking directorate. - Any person may be a director in two or more...
Section 38a-150. (Formerly Sec. 38-39). - Monopoly. Complaint and hearing. Cease and desist order. - (a) Whenever the commissioner has reason to believe that there...
Section 38a-151. (Formerly Sec. 38-34). - Reduction of capital stock. - Any insurance company, with the consent of the commissioner, may...
Section 38a-152. (Formerly Sec. 38-35). - Issuance of stock in exchange for stock of another company. - (a) Any domestic insurance company with capital stock may, with...
Section 38a-153. (Formerly Sec. 38-42). - Merger or consolidation of companies. - (a) Any domestic insurance company may, with the prior approval...
Section 38a-154. (Formerly Sec. 38-36). - Filing of the certificate of merger or consolidation with the Secretary of the State. - If the commissioner approves and authorizes the proposed merger or...
Section 38a-155. (Formerly Sec. 38-42b). - Conversion of hospital service corporation and medical service corporation to mutual insurance company. Procedure. Authorized agents to sell products. - (a) Any consolidated hospital service corporation and medical service corporation...
Section 38a-156. - Definitions. - As used in this section and sections 38a-156a to 38a-156m,...
Section 38a-156a. - Reorganization of domestic mutual insurer as domestic stock insurer owned by mutual holding company. Plan of reorganization. Approval. Use of the word “mutual” in name. Voting stock ownership. Prohibited fees, commission or other... - (a) A domestic mutual insurer may reorganize, in accordance with...
Section 38a-156b. - Mutual holding company requirements. - (a) No mutual holding company shall engage in the business...
Section 38a-156c. - Amendments to articles of incorporation and plan of reorganization. - (a) A reorganized insurer may amend its articles of incorporation...
Section 38a-156d. - Transfer of assets or liabilities and acquisition of subsidiaries by reorganized insurer. - (a)(1) A reorganized insurer may, either pursuant to the plan...
Section 38a-156e. - Requirements of reorganizing mutual life insurer. Report. - (a) In the case of a reorganizing insurer that is...
Section 38a-156f. - Voting stock offerings. - (a)(1) The offering of voting stock by a reorganized insurer...
Section 38a-156g. - Restrictions on stock offerings and stock ownership. - (a)(1) Until six months after the completion of an initial...
Section 38a-156h. - Merger or consolidation of mutual holding companies. Effect on pending court action or proceeding. - (a) Two or more mutual holding companies, at least one...
Section 38a-156i. - Reorganization of domestic mutual insurer with existing domestic or foreign mutual holding company. - (a) A domestic mutual insurer may reorganize with an existing...
Section 38a-156j. - Conversion of domestic mutual holding company to domestic stock corporation. Plan of conversion. Approval. Prohibited fees, commission or other consideration. - (a) A domestic mutual holding company may convert to a...
Section 38a-156k. - Proceedings and actions. - (a)(1) For a period of ten years from the effective...
Section 38a-156l. - Confidentiality of information, documents and copies related to reorganization, merger, consolidation or conversion. - All information, documents and copies of such information and documents...
Section 38a-156m. - Regulations. - The commissioner may adopt regulations in accordance with the provisions...
Section 38a-156n to 38a-156q. - Reserved for future use. -
Section 38a-156r. - Definitions. - As used in this section and sections 38a-156s to 38a-156z,...
Section 38a-156s. - Division of domestic insurer. Plan of division. Amendment and abandonment. - (a) Any domestic insurer may, in accordance with the requirements...
Section 38a-156t. - Plan of division. Approval by interest holders and governors. - (a) Except as provided in subsection (b) or (c) of...
Section 38a-156u. - Plan of division. Approval by commissioner. Notice and hearing. Certificate of approval. - (a) A division shall not become effective until it is...
Section 38a-156v. - Certificate of division. - (a) After a plan of division has been adopted and...
Section 38a-156w. - Effect of division. - (a) When a division becomes effective pursuant to subsection (d)...
Section 38a-156x. - Responsibility and liability of resulting insurers. - (a) Except as provided in this section, when a division...
Section 38a-156y. - Appraisal rights. - (a) A shareholder of a dividing insurer is entitled to...
Section 38a-156z. - Regulations. - The commissioner may adopt such regulations, in accordance with chapter...
Section 38a-160. (Formerly Sec. 38-290). - Exceptions. - The provisions of sections 38a-160 to 38a-170, inclusive, shall not...
Section 38a-161. (Formerly Sec. 38-291). - Definitions. - The following terms as used in sections 38a-160 to 38a-170,...
Section 38a-162. (Formerly Sec. 38-292). - License required. Expiration. Fee. Required information. - (a) No person shall engage in the business of financing...
Section 38a-163. (Formerly Sec. 38-293). - Application for license. Investigation. Hearing on license denial. Issuance or renewal. - (a) Each applicant for an insurance premium finance company license...
Section 38a-164. (Formerly Sec. 38-294). - Revocation, suspension or refusal to renew license. Hearing. Fine. Petition to show cause. - (a) The commissioner may revoke, suspend or refuse to renew...
Section 38a-165. (Formerly Sec. 38-295). - Records of licensee. - (a) Every licensee under sections 38a-160 to 38a-170, inclusive, shall...
Section 38a-166. (Formerly Sec. 38-296). - Regulations. - The commissioner may promulgate such reasonable regulations as he deems...
Section 38a-167. (Formerly Sec. 38-297). - Insurance premium finance agreement requirements. - (a) Every insurance premium finance agreement shall (1) be dated,...
Section 38a-168. (Formerly Sec. 38-298). - Service charge. - (a) No insurance premium finance company shall charge, contract for,...
Section 38a-169. (Formerly Sec. 38-299). - Delinquency charge. - Any insurance premium finance agreement may provide for the payment...
Section 38a-170. (Formerly Sec. 38-300). - Cancellation of insurance contract on default of insured. - (a) When an insurance premium finance agreement contains a power...