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. - Sections 38a-903 to 38a-961, inclusive, may be cited as the...

Section 38a-907. (Formerly Sec. 38-425). - Injunctions, orders and stays. - (a) The conservation, rehabilitation and liquidation of insurance companies and...

Section 38a-908. (Formerly Sec. 38-426). - Cooperation of officers, owners and employees. Penalties. - (a) Any present or former officer, manager, director, trustee, owner,...

Section 38a-909. (Formerly Sec. 38-427). - Persons afforded protection. Official immunity. Segregation of funds. Bonds. - (a) For the purposes of this section the persons entitled...

Section 38a-910. (Formerly Sec. 38-428). - Continuation of delinquency proceedings. - Section 38a-910 is repealed, effective October 1, 2018. (P.A. 79-382,...

Section 38a-911. (Formerly Sec. 38-429). - Delinquency proceeding: Limitations and conditions. - No insurer that is subject to any delinquency proceedings, whether...

Section 38a-912. (Formerly Sec. 38-430). - Seizure order by court. - (a) The commissioner may file in the Superior Court of...

Section 38a-913. (Formerly Sec. 38-431). - Confidentiality of proceedings. - In all proceedings and judicial reviews thereof pursuant to section...

Section 38a-913a. - Records of delinquent insurer. Use as evidence. Applicability of Freedom of Information Act. Costs of producing records. - (a) All records or certified copies thereof of any delinquent...

Section 38a-914. (Formerly Sec. 38-432). - Grounds for rehabilitation. - The commissioner may apply by petition to the Superior Court...

Section 38a-915. (Formerly Sec. 38-433). - Rehabilitation orders. Appointment of judge to supervise rehabilitation. Accounting. Appeals. - (a) An order to rehabilitate the business of a domestic...

Section 38a-916. (Formerly Sec. 38-434). - Powers and duties of the rehabilitator. Advisory committees. - (a) The commissioner as rehabilitator may appoint one or more...

Section 38a-917. (Formerly Sec. 38-435). - Actions by and against rehabilitator. - (a) Any court in this state before which any action...

Section 38a-918. (Formerly Sec. 38-436). - Order of liquidation. Termination of rehabilitation. - (a) Whenever the commissioner believes further attempts to rehabilitate an...

Section 38a-919. (Formerly Sec. 38-437). - Grounds for liquidation. - The commissioner may petition the Superior Court for an order...

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. - (a) An order to liquidate the business of a domestic...

Section 38a-921. (Formerly Sec. 38-439). - Continuance of coverage. Cancellation of bond or surety undertaking. - (a) Notwithstanding any policy or contract language or any other...

Section 38a-922. (Formerly Sec. 38-440). - Dissolution of insurer. - The commissioner may petition for an order dissolving the corporate...

Section 38a-923. (Formerly Sec. 38-441). - Powers of liquidator. - (a) The liquidator shall have the power: (1) To appoint...

Section 38a-924. (Formerly Sec. 38-442). - Notice to creditors and others. Requirements. Exceptions. - (a) Unless the court otherwise directs, the liquidator shall give...

Section 38a-925. (Formerly Sec. 38-443). - Duties of agents. Penalty. - (a) Each person who receives notice in the form prescribed...

Section 38a-926. (Formerly Sec. 38-444). - Actions by and against liquidator. - (a) Upon issuance of an order appointing a liquidator of...

Section 38a-927. (Formerly Sec. 38-445). - List of assets. - (a) As soon as practicable after the liquidation order but...

Section 38a-928. (Formerly Sec. 38-446). - Fraudulent transfers prior to petition. - (a) Every transfer made or suffered and every obligation incurred...

Section 38a-929. (Formerly Sec. 38-447). - Fraudulent transfer after petition. - (a) After a petition for rehabilitation or liquidation has been...

Section 38a-930. (Formerly Sec. 38-448). - Voidable preferences and liens. Exceptions. - (a)(1) A preference is a transfer of any of the...

Section 38a-931. (Formerly Sec. 38-449). - Claims of holders of void or voidable rights. - (a) No claims of a creditor who has received or...

Section 38a-932. (Formerly Sec. 38-450). - Set-offs and counterclaims. Accounting statements. - (a) Mutual debts or mutual credits, whether arising out of...

Section 38a-933. (Formerly Sec. 38-451). - Assessments. - (a) As soon as practicable but not more than two...

Section 38a-933a. - Amounts recoverable. Affiliate liability. Timing of proceedings. - (a) If an order instituting a delinquency proceeding against an...

Section 38a-934. (Formerly Sec. 38-452.) - Reinsurer's liability. - The amount recoverable by the liquidator from reinsurers shall not...

Section 38a-935. (Formerly Sec. 38-453). - Recovery of premiums owed. Penalty. Appeals. - (a)(1) A producer, premium finance company or any other person,...

Section 38a-936. (Formerly Sec. 38-454). - Liquidator's proposal to distribute assets. - (a) Within one hundred twenty days of a final determination...

Section 38a-937. (Formerly Sec. 38-455). - Filing of claims. - (a) Proof of all claims shall be filed with the...

Section 38a-938. (Formerly Sec. 38-456). - Proof of claim. - (a) Proof of claim shall consist of a statement signed...

Section 38a-939. (Formerly Sec. 38-457). - Special claims. - (a) Claims made under employment contracts by directors, principal officers,...

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

Section 38a-941. (Formerly Sec. 38-459). - Disputed claims. Hearings. Procedure. - (a) When a claim is denied in whole or in...

Section 38a-942. (Formerly Sec. 38-460). - Claims of surety. - Whenever an obligee whose claim against an insurer is secured,...

Section 38a-943. (Formerly Sec. 38-461). - Secured creditor's claims. - (a) The value of any security held by a secured...

Section 38a-944. (Formerly Sec. 38-462). - Priority of distribution of claims. - (a) The priority of distribution of claims from the insurer's...

Section 38a-944a. - Additional rights. Netting agreements. Qualified financial contracts. Security arrangements. - (a) Notwithstanding any provision of sections 38a-903 to 38a-961, inclusive,...

Section 38a-945. (Formerly Sec. 38-463). - Liquidator's recommendations to the court. - (a) The liquidator shall review all claims duly filed in...

Section 38a-946. (Formerly Sec. 38-464). - Distribution of assets. - Under the direction of the court, the liquidator shall pay...

Section 38a-947. (Formerly Sec. 38-465). - Unclaimed and withheld funds. - (a) All unclaimed funds subject to distribution remaining in the...

Section 38a-948. (Formerly Sec. 38-466). - Termination of proceedings. - (a) When all assets justifying the expense of collection and...

Section 38a-949. (Formerly Sec. 38-467). - Reopening liquidation. - After the liquidation proceeding has been terminated and the liquidator...

Section 38a-950. (Formerly Sec. 38-468). - Disposition of records during and after termination of liquidation. - Whenever it shall appear to the commissioner that the records...

Section 38a-951. (Formerly Sec. 38-469). - External audit of the receiver's books. - The Superior Court may, as it deems desirable, cause audits...

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. - (a) If a domiciliary liquidator has not been appointed, the...

Section 38a-953. (Formerly Sec. 38-471). - Liquidation of property of foreign or alien insurers found in this state. - (a) If no domiciliary receiver has been appointed, the commissioner...

Section 38a-954. (Formerly Sec. 38-472). - Domiciliary liquidators in other states. - (a) The domiciliary liquidator of an insurer domiciled in a...

Section 38a-955. (Formerly Sec. 38-473). - Ancillary formal proceedings. - (a) If a domiciliary liquidator has been appointed for an...

Section 38a-956. (Formerly Sec. 38-474). - Ancillary summary proceedings. - The commissioner in his sole discretion may institute proceedings pursuant...

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

Section 38a-958. (Formerly Sec. 38-476). - Commissioner as ancillary receiver for insurers not domiciled in this state. - (a) Promptly after the appointment of the commissioner as ancillary...

Section 38a-959. (Formerly Sec. 38-477). - Attachment, garnishment or levy of execution not to be commenced. - During the pendency in this or any other state of...

Section 38a-960. (Formerly Sec. 38-478). - Interstate priorities. - (a) In a liquidation proceeding in this state involving one...

Section 38a-961. (Formerly Sec. 38-479). - Subordination of claims for noncooperation. - If an ancillary receiver in another state or foreign country,...

Section 38a-962. - Definitions. - As used in sections 38a-129, 38a-140 and 38a-962 to 38a-962j,...

Section 38a-962a. - Applicability. - The provisions of sections 38a-129, 38a-140 and 38a-962 to 38a-962j,...

Section 38a-962b. - Administrative supervision by the commissioner. - (a) An insurer may be subject to administrative supervision by...

Section 38a-962c. - Confidentiality of proceedings, hearings, records, reports and correspondence. Exception. - (a) Notwithstanding any other provision of law and except as...

Section 38a-962d. - Prohibited activities during supervision. Prior approval. - During the period of supervision, the commissioner or his designated...

Section 38a-962e. - Contested action. Appeal. - During the period of supervision the insurer may contest any...

Section 38a-962f. - Judicial or other delinquency proceedings. - Nothing contained in sections 38a-129, 38a-140 and 38a-962 to 38a-962j,...

Section 38a-962g. - Regulations. - The commissioner may adopt regulations in accordance with the provisions...

Section 38a-962h. - Supervision proceeding: Contact with commissioner allowed. - Notwithstanding any other provision of law, the commissioner may meet...

Section 38a-962i. - Immunity from liability. - There shall be no liability on the part of, and...

Section 38a-962j. - Right of recovery. - (a) If an order for liquidation of a domestic insurance...

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... - Sections 38a-966 to 38a-970, inclusive, are repealed. (1949 Rev., S....

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Connecticut General Statutes Title 38a - Insurance Chapter 704c - Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies

Connecticut General Statutes
Title 38a - Insurance
Chapter 704c - Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies