There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 38a Insurance
Chapter 698 Insurers
- Sec. 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 licensed. Appeals. Plan of operations. Type of business to be conducted.
- Sec. 38a-41a. Certificate authorizing formation of insurance company or health care center. Information required by commissioner. Costs.
- Sec. 38a-42. (Formerly Sec. 38-20b). Contracts with life, accident or health insurance producers.
- Sec. 38a-43. (Formerly Sec. 38-22). Foreign and alien insurance companies may be prohibited from transacting business in this state.
- Sec. 38a-44. (Formerly Sec. 38-64b). Notice to commissioner of intent to discontinue line of insurance.
- Sec. 38a-45. (Formerly Sec. 38-29). Limitation on title insurance and mortgage guaranty insurance.
- Sec. 38a-46. (Formerly Sec. 38-30). Writing of participating and nonparticipating insurance by domestic stock and mutual insurance companies.
- Sec. 38a-47. (Formerly Sec. 38-53a). Payments by domestic insurance companies for expenditures of Insurance Department.
- Sec. 38a-48. (Formerly Sec. 38-53b). Assessment of payments by domestic insurance companies. Adjustments. Penalty. Interest. Payments credited to Insurance Fund. Allocation of assessments.
- Sec. 38a-49. (Formerly Sec. 38-51). Fraternal benefit societies and foreign or alien companies to reimburse state for costs of examination.
- Sec. 38a-50. (Formerly Sec. 38-52). Fraternal, foreign and alien life insurers to reimburse state for costs of valuation.
- Sec. 38a-51. (Formerly Sec. 38-53). Assessment of costs of examination and valuation. Payments credited to Insurance Fund.
- Sec. 38a-52. (Formerly Sec. 38-54). Appeal from assessment.
- Sec. 38a-52a. Insurance Fund established.
- Sec. 38a-53. (Formerly Sec. 38-24). Requirements re filing of annual reports and financial statements by company. Late filing fee.
- Sec. 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.
- Sec. 38a-54. Audited reports.
- Sec. 38a-55. Hypothecation of assets.
- Sec. 38a-56. (Formerly Sec. 38-19). False returns to commissioner.
- Sec. 38a-57. (Formerly Sec. 38-26a). Retention of records and assets in state.
- Sec. 38a-58. (Formerly Sec. 38-40). Change of location of domestic insurance company.
- Sec. 38a-58a. Transfer of domicile: By foreign insurance company to this state; by domestic insurance company to another state. Procedures.
- Sec. 38a-59. (Formerly Sec. 38-42a). Change of name of domestic insurance company or health care center with capital stock.
- Sec. 38a-60. (Formerly Sec. 38-27a). Continuity of management during national emergencies.
- Sec. 38a-61. (Formerly Sec. 38-134). Limitation of use of power of attorney.
- Sec. 38a-62. (Formerly Sec. 38-27b). Indemnification of directors, officers and employees of mutual insurance companies.
- Sec. 38a-63. Limitation of liability of director of mutual insurance company.
- Sec. 38a-64. (Formerly Sec. 38-41). Donations by domestic mutual companies.
- Sec. 38a-65. (Formerly Sec. 38-48). Disposition of unclaimed dividends of insolvent company.
- Sec. 38a-66. Reinsurance of insurance business with other insurers by agreement of bulk reinsurance.
- Sec. 38a-67. Reporting requirement for cancellations and revisions of ceded reinsurance agreements.
- Sec. 38a-67a. Acquisitions and dispositions of assets, reporting requirement waived, when. Asset acquisitions and dispositions, defined. Information required to be disclosed.
- Sec. 38a-67b. Nonrenewals, cancellations or revisions, reporting requirement waived, when. Information required to be disclosed.
- Sec. 38a-68.
- Sec. 38a-69. Scope of provisions.
- Sec. 38a-69a. Confidentiality of financial examination workpapers and operating and financial condition reports. Confidentiality of certain supplemental compensation exhibits and stockholder information supplements. Exceptions.
- Sec. 38a-70. Accounting standards.
- Sec. 38a-71. Minimum asset requirements. Minimum capital and minimum surplus requirements.
- Sec. 38a-72. (Formerly Sec. 38-93). Financial requirements to license an insurance company.
- Sec. 38a-72a. Regulations.
- Sec. 38a-73. (Formerly Sec. 38-110). Limitation of risks.
- Sec. 38a-74. (Formerly Sec. 38-94). Estimation of trusteed surplus.
- Sec. 38a-75. (Formerly Sec. 38-95). Appointment of trustees. Examinations by commissioner.
- Sec. 38a-76. (Formerly Sec. 38-25). Reserves.
- Sec. 38a-77. (Formerly Sec. 38-130). Valuation of reserve.
- Sec. 38a-78. (Formerly Sec. 38-130e). Ascertainment of reserves for life insurance policies and annuity and pure endowment contracts. Annual reporting of reserves to commissioner. Issuance of opinion by qualified actuary. Memorandum in support of opinion. Additional reserves as determined by qualified actuary not deemed a higher standard of valuation. Minimum standards of valuation for health insurance plans. Regulations.
- Sec. 38a-79. (Formerly Sec. 38-26). Valuation of securities.
- Sec. 38a-79a. Short title: Standard Valuation Law.
- Sec. 38a-80. (Formerly Sec. 38-164). Premium reserve for health, accident and liability business.
- Sec. 38a-81. (Formerly Sec. 38-132). Sale of property taken for debts.
- Sec. 38a-82. (Formerly Sec. 38-133). Improvement of real estate.
- Sec. 38a-83. (Formerly Sec. 38-43). Securities required by other states deposited with State Treasurer.
- Sec. 38a-84. (Formerly Sec. 38-47). Securities to be delivered to receiver.
- Sec. 38a-85. Credit allowed a domestic ceding insurer. Requirements re filing of annual reports and financial statements.
- Sec. 38a-86. Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer.
- Sec. 38a-87. Qualified United States financial institutions.
- Sec. 38a-88. Regulations.
- Sec. 38a-88a. Connecticut insurance reinvestment funds, authorized. Tax credits. Regulations.
- Sec. 38a-88b. Applicability of section 38a-88a.
- Sec. 38a-89. Reinsurance agreements affected.
- Sec. 38a-90. Short title: Managing General Agents Act.
- Sec. 38a-90a. Definitions.
- Sec. 38a-90b. Licensing of managing general agents.
- Sec. 38a-90c. Contractual agreement between insurer and managing general agent. Minimum provisions of the contract.
- Sec. 38a-90d. Duties of the insurer.
- Sec. 38a-90e. Acts of managing general agent considered to be acts of insurer. Examination of the managing general agent.
- Sec. 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.
- Sec. 38a-90g. Regulations.
- Sec. 38a-90h. Utilization of managing general agent's services. Exceptions.
- Sec. 38a-91. Definitions.
- Sec. 38a-91a. Insurers affected.
- Sec. 38a-91b. Controlling insurers. Applicability. Minimum provisions.
- Sec. 38a-91c. Disclosure to insured by controlling producer. Exception.
- Sec. 38a-91d. Noncompliance: Remedies allowed.
- Secs. 38a-91e to 38a-91j.
- Sec. 38a-91k. Captive insurers: Information to be submitted to commissioner.
- Secs. 38a-91l to 38a-91z.
- Sec. 38a-91aa. Definitions.
- Sec. 38a-91bb. Captive insurance companies. Licenses. Fees.
- Sec. 38a-91cc. Same or deceptively similar name prohibited.
- Sec. 38a-91dd. Capital and surplus requirements.
- Sec. 38a-91ee. Payment of dividends and other distributions.
- Sec. 38a-91ff. Incorporation and formation.
- Sec. 38a-91gg. Annual reports.
- Sec. 38a-91hh. Examinations of captive insurance companies. Costs. Confidentiality of financial examination workpapers and reports.
- Sec. 38a-91ii. Suspension, revocation or refusal to renew license.
- Sec. 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.
- Sec. 38a-91kk. Reinsurance.
- Sec. 38a-91ll. Rating organization.
- Sec. 38a-91mm. Guaranty association and insolvency fund exclusion.
- Sec. 38a-91nn. Premium receipts tax.
- Sec. 38a-91oo. Applicability of insurance statutes.
- Sec. 38a-91pp. Conversions and mergers. Approval by commissioner.
- Sec. 38a-91qq. Regulations.
- Sec. 38a-92. Financial Guaranty Insurance Act, generally.
- Sec. 38a-92a. Definitions.
- Sec. 38a-92b. Licensing of financial guaranty insurance corporations. Reinsurance.
- Sec. 38a-92c. Contingency reserves.
- Sec. 38a-92d. Reserves against unpaid losses and loss expense.
- Sec. 38a-92e. Unearned premium reserve.
- Sec. 38a-92f. Disclosures in prospectus or other offering document.
- Sec. 38a-92g. Financial guaranty insurance transactions. Exceptions.
- Sec. 38a-92h. Copies of relevant materials.
- Sec. 38a-92i. Net liability. Kinds of obligations.
- Sec. 38a-92j. Limiting of exposure to loss on any one risk.
- Sec. 38a-92k. Exceeding of limitations by licensed financial insurance corporations. Notification of commissioner. Hearing.
- Sec. 38a-92l. Other licensed insurers transacting financial guaranty insurance to be subject to provisions of this part.
- Sec. 38a-92m. Credit for reinsurance as an asset or as a reduction from liability, when.
- Sec. 38a-92n. Filing of policy forms and amendments with commissioner.
- Sec. 38a-93.
- Secs. 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; approval of loans and investments; officers to receive no compensation for negotiating loan; security for loans; acquisition and organization of subsidiaries by domestic mutual life insurance companies; penalty for authorizing illegal investments.
- Sec. 38a-102. Investments.
- Sec. 38a-102a. Nonadmitted investment assets. Divestiture order, notice and hearing.
- Sec. 38a-102b. Definitions.
- Sec. 38a-102c. Investments of admitted assets. Limitations.
- Sec. 38a-102d. Affiliate relationships in the investment of admitted assets. Limitations.
- Sec. 38a-102e. Loan or investment prohibition.
- Sec. 38a-102f. Prohibition of compensation for negotiating a loan.
- Sec. 38a-102g. Investments of foreign and alien insurers.
- Sec. 38a-102h. Policies and procedures re use of special knowledge or information.
- Sec. 38a-102i. Exceptions.
- Secs. 38a-103 to 38a-116.
- Sec. 38a-117. (Formerly Sec. 38-68a). Insider trading of equity securities. Definitions.
- Sec. 38a-118. (Formerly Sec. 38-68b). Beneficial owners of securities to file with commissioner.
- Sec. 38a-119. (Formerly Sec. 38-68c). Disposition of certain profits realized by owners and officers.
- Sec. 38a-120. (Formerly Sec. 38-68d). Sales of securities restricted.
- Sec. 38a-121. (Formerly Sec. 38-68e). Excepted transactions.
- Sec. 38a-122. (Formerly Sec. 38-68f). Foreign or domestic arbitrage transactions.
- Sec. 38a-123. (Formerly Sec. 38-68g). Securities of certain companies not covered.
- Sec. 38a-124. (Formerly Sec. 38-68h). Regulations.
- Secs. 38a-125 to 38a-128.
- Sec. 38a-129. (Formerly Sec. 38-39a). Purpose. Definition.
- Sec. 38a-130. (Formerly Sec. 38-39b). Acquisition of control of domestic insurance companies. Information statement furnished commissioner and insurer. Violations.
- Sec. 38a-131. (Formerly Sec. 38-39c). Form of information statement.
- Sec. 38a-132. (Formerly Sec. 38-39d). Disposition re acquisition. Hearing. Standard of review.
- Sec. 38a-133. (Formerly Sec. 38-39e). Exemptions.
- Sec. 38a-134. (Formerly Sec. 38-39f). Nonvotable securities. Injunctive relief.
- Sec. 38a-135. (Formerly Sec. 38-39g). Registration of insurance holding company members. Content of the registration statement. Termination of the registration statement. Disclaimer of affiliation. Penalty. Exemptions.
- Sec. 38a-136. (Formerly Sec. 38-39h). Requirements re transactions between insurance companies and affiliates. Extraordinary dividends or distributions. Prohibited transactions between domestic insurance companies and controlling persons.
- Sec. 38a-137. (Formerly Sec. 38-39i). Information furnished commissioner confidential. Exceptions.
- Sec. 38a-138. (Formerly Sec. 38-39j). Regulations.
- Sec. 38a-139. (Formerly Sec. 38-39k). Appeals.
- Sec. 38a-140. (Formerly Sec. 38-39l). Remedial and penal provisions.
- Sec. 38a-141. (Formerly Sec. 38-39m). Financial and market conduct examination of acquired domestic insurance company. Transactions limited. Penalties. Regulations.
- Secs. 38a-142 to 38a-145.
- Sec. 38a-146. (Formerly Sec. 38-37). Domestic insurance company may acquire stock of other companies.
- Sec. 38a-147. (Formerly Sec. 38-37a). Solicitation of proxies.
- Sec. 38a-148. (Formerly Sec. 38-37b). Redemption of shares of domestic insurance company. Notice. Determination of fair value.
- Sec. 38a-149. (Formerly Sec. 38-38). Interlocking directorate.
- Sec. 38a-150. (Formerly Sec. 38-39). Monopoly. Complaint and hearing. Cease and desist order.
- Sec. 38a-151. (Formerly Sec. 38-34). Reduction of capital stock.
- Sec. 38a-152. (Formerly Sec. 38-35). Issuance of stock in exchange for stock of another company.
- Sec. 38a-153. (Formerly Sec. 38-42). Merger or consolidation of companies.
- Sec. 38a-154. (Formerly Sec. 38-36). Filing of the certificate of merger or consolidation with the Secretary of the State.
- Sec. 38a-155. (Formerly Sec. 38-42b). Conversion of hospital and medical service corporation to mutual insurance company. Procedure. Authorized agents to sell products.
- Secs. 38a-156 to 38a-159.
- Sec. 38a-160. (Formerly Sec. 38-290). Exceptions.
- Sec. 38a-161. (Formerly Sec. 38-291). Definitions.
- Sec. 38a-162. (Formerly Sec. 38-292). License required. Expiration. Fee. Required information.
- Sec. 38a-163. (Formerly Sec. 38-293). Application for license. Investigation. Hearing on license denial. Issuance or renewal.
- Sec. 38a-164. (Formerly Sec. 38-294). Revocation, suspension or refusal to renew license. Hearing. Fine. Petition to show cause.
- Sec. 38a-165. (Formerly Sec. 38-295). Records of licensee.
- Sec. 38a-166. (Formerly Sec. 38-296). Regulations.
- Sec. 38a-167. (Formerly Sec. 38-297). Insurance premium finance agreement requirements.
- Sec. 38a-168. (Formerly Sec. 38-298). Service charge.
- Sec. 38a-169. (Formerly Sec. 38-299). Delinquency charge.
- Sec. 38a-170. (Formerly Sec. 38-300). Cancellation of insurance contract on default of insured.
- Secs. 38a-171 to 38a-174.
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