PocketLaw | Connecticut General Statutes | Insurers

Insurers

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(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 operations. Type of business to be conducted.

Section
38a-41a

Certificate authorizing formation of insurance company or health care center. Information required by commissioner. Costs.

(Formerly Sec. 38-20b) - Contracts with life, accident or health insurance producers.

(Formerly Sec. 38-22) - Certain insurance companies and health care centers may be prohibited from transacting business in this state.

(Formerly Sec. 38-64b) - Notice to commissioner of intent to discontinue line of insurance.

(Formerly Sec. 38-29) - Limitation on title insurance and mortgage guaranty insurance.

(Formerly Sec. 38-30) - Writing of participating and nonparticipating insurance by domestic stock and mutual insurance companies.

(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.

(Formerly Sec. 38-53b) - Assessment of payments by domestic insurance companies. Adjustments. Penalty. Interest. Payments credited to Insurance Fund. Allocation of assessments.

(Formerly Sec. 38-51) - Fraternal benefit societies and foreign or alien companies to reimburse state for costs of examination.

(Formerly Sec. 38-52) - Fraternal, foreign and alien life insurers to reimburse state for costs of valuation.

(Formerly Sec. 38-53) - Assessment of costs of examination and valuation. Payments credited to Insurance Fund.

(Formerly Sec. 38-54) - Appeal from assessment.

Section
38a-52a

Insurance Fund established.

(Formerly Sec. 38-24) - Requirements re filing of annual reports and financial statements. Late filing fee. Due date extensions.

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.

Audited reports.

Hypothecation of assets.

(Formerly Sec. 38-19) - False returns to commissioner.

(Formerly Sec. 38-26a) - Retention of records and assets in state.

(Formerly Sec. 38-40) - Change of location of domestic insurance company.

Section
38a-58a

Transfer of domicile: By foreign insurance company to this state; by domestic insurance company to another state. Procedures.

Section
38a-58b

Definitions.

Section
38a-58c

Applicability of state laws to alien insurer's United States branch.

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.

Section
38a-58e

Annual and quarterly statements by United States branch.

Section
38a-58f

Issuance and renewal of United States branch license. Proceeding against United States branch.

Section
38a-58g

Domestication of alien insurer's United States branch.

(Formerly Sec. 38-42a) - Change of name of domestic insurance company or domestic health care center with capital stock.

(Formerly Sec. 38-27a) - Continuity of management during national emergencies.

(Formerly Sec. 38-134) - Limitation of use of power of attorney.

(Formerly Sec. 38-27b) - Indemnification of directors, officers and employees of mutual insurance companies.

Limitation of liability of director of mutual insurance company.

(Formerly Sec. 38-41) - Donations by domestic mutual companies.

(Formerly Sec. 38-48) - Disposition of unclaimed dividends of insolvent company.

Reinsurance of insurance business with other insurers by agreement of bulk reinsurance.

Reporting requirement for cancellations and revisions of ceded reinsurance agreements.

Section
38a-67a

Acquisitions and dispositions of assets, reporting requirement waived, when. Asset acquisitions and dispositions, defined. Information required to be disclosed.

Section
38a-67b

Nonrenewals, cancellations or revisions, reporting requirement waived, when. Information required to be disclosed.

Reserved for future use.

Scope of provisions.

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.

Accounting standards.

Minimum asset requirements. Minimum capital and minimum surplus requirements.

(Formerly Sec. 38-93) - Financial requirements to license an insurance company.

Section
38a-72a

Regulations.

(Formerly Sec. 38-110) - Limitation of risks.

Sections
38a-74 and 38a-75

(Formerly Secs. 38-94 and 38-95) - Estimation of trusteed surplus. Appointment of trustees; examinations by commissioner.

(Formerly Sec. 38-25) - Reserves.

(Formerly Sec. 38-130) - Valuation of reserve.

(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.

Section
38a-78a

NAIC Valuation Manual. Operative date changes. Requirements.

(Formerly Sec. 38-26) - Valuation of securities.

Section
38a-79a

Short title: Standard Valuation Law.

(Formerly Sec. 38-164) - Premium reserve for health, accident and liability business.

(Formerly Sec. 38-132) - Sale of property taken for debts.

(Formerly Sec. 38-133) - Improvement of real estate.

(Formerly Sec. 38-43) - Securities required by other states deposited with State Treasurer.

(Formerly Sec. 38-47) - Securities to be delivered to receiver.

Credit allowed a domestic ceding insurer. Filing of annual reports, certifications and financial statements. Suspension or revocation of accreditation or certification. Proportionality and diversification of reinsurance recoverables and program.

Section
38a-85a

Certification as a reinsurer. Regulations.

Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer. Regulations.

Qualified United States financial institutions.

Regulations.

Section
38a-88a

Insurance business investments through fund managers. Invest CT funds. Tax credits. Regulations.

Section
38a-88b

Applicability of section 38a-88a.

Reinsurance agreements affected.

Short title: Managing General Agents Act.

Section
38a-90a

Definitions.

Section
38a-90b

Licensing of managing general agents.

Section
38a-90c

Contractual agreement between insurer and managing general agent. Minimum provisions of the contract.

Section
38a-90d

Duties of the insurer.

Section
38a-90e

Acts of managing general agent considered to be acts of insurer. Examination of the managing general agent.

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.

Section
38a-90g

Regulations.

Section
38a-90h

Utilization of managing general agent's services. Exceptions.

Definitions.

Section
38a-91a

Insurers affected.

Section
38a-91aa

Definitions.

Section
38a-91b

Controlled insurers. Applicability. Minimum provisions.

Section
38a-91bb

Captive insurance companies. Licenses. Fees.

Section
38a-91c

Disclosure to insured by controlling producer. Exception.

Section
38a-91cc

Same or deceptively similar name prohibited.

Section
38a-91d

Noncompliance: Remedies allowed.

Section
38a-91dd

Capital and surplus requirements.

Sections
38a-91e to 38a-91j

Reserved for future use.

Section
38a-91ee

Payment of dividends and other distributions.

Section
38a-91ff

Incorporation and formation. Transfer of domicile.

Section
38a-91gg

Annual reports.

Section
38a-91hh

Examinations of captive insurance companies. Costs. Confidentiality of financial examination workpapers and reports.

Section
38a-91ii

Suspension, revocation or refusal to renew license. Amendment or modification of a special purpose financial captive insurance company's license.

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.

Section
38a-91k

Captive insurers: Information to be submitted to commissioner.

Section
38a-91kk

Reinsurance.

Sections
38a-91l to 38a-91z

Reserved for future use.

Section
38a-91ll

Rating organization.

Section
38a-91mm

Guaranty association and insolvency fund exclusion.

Section
38a-91nn

Direct premium receipts tax and assumed reinsurance premium receipts tax. Applicability of tax statutes.

Section
38a-91oo

Applicability of insurance statutes.

Section
38a-91pp

Conversions and mergers. Approval by commissioner.

Section
38a-91qq

Regulations.

Section
38a-91rr

Establishment of protected cells and incorporated protected cells by a sponsored captive insurance company. Extent of obligations. Recourse.

Section
38a-91ss

Additional requirements for a special purpose financial captive insurance company.

Section
38a-91tt

Additional requirements for a sponsored captive insurance company licensed as a special purpose financial captive insurance company.

Section
38a-91uu

Dormant captive insurance company. Certificate of dormancy. Capital and surplus.

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 assistance decisions. Termination.

Section
38a-91ww

Agency captive insurance companies. Corporate form.

Section
38a-91xx

Agency captive insurance companies. Authority to do business.

Financial Guaranty Insurance Act, generally.

Section
38a-92a

Definitions.

Section
38a-92b

Licensing of financial guaranty insurance corporations. Reinsurance.

Section
38a-92c

Contingency reserves.

Section
38a-92d

Reserves against unpaid losses and loss expense.

Section
38a-92e

Unearned premium reserve.

Section
38a-92f

Disclosures in prospectus or other offering document.

Section
38a-92g

Financial guaranty insurance transactions. Exceptions.

Section
38a-92h

Copies of relevant materials.

Section
38a-92i

Net liability. Kinds of obligations.

Section
38a-92j

Limiting of exposure to loss on any one risk.

Section
38a-92k

Exceeding of limitations by licensed financial insurance corporations. Notification of commissioner. Hearing.

Section
38a-92l

Other licensed insurers transacting financial guaranty insurance to be subject to provisions of this part.

Section
38a-92m

Credit for reinsurance as an asset or as a reduction from liability, when.

Section
38a-92n

Filing of policy forms and amendments with commissioner.

Reserved for future use.

Sections
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.

Section
38a-102

Investments. Derivative financial transactions. Regulations.

Section
38a-102a

Nonadmitted investment assets. Divestiture order, notice and hearing.

Section
38a-102b

Definitions.

Section
38a-102c

Investments of admitted assets. Limitations.

Section
38a-102d

Affiliate relationships in the investment of admitted assets. Limitations.

Section
38a-102e

Loan or investment prohibition.

Section
38a-102f

Prohibition of compensation for negotiating a loan.

Section
38a-102g

Investments of foreign and alien insurers.

Section
38a-102h

Policies and procedures re use of special knowledge or information.

Section
38a-102i

Exceptions.

Sections
38a-103 to 38a-116

Reserved for future use.

Section
38a-117

(Formerly Sec. 38-68a) - Insider trading of equity securities. Definitions.

Section
38a-118

(Formerly Sec. 38-68b) - Beneficial owners of securities to file with commissioner.

Section
38a-119

(Formerly Sec. 38-68c) - Disposition of certain profits realized by owners and officers.

Section
38a-120

(Formerly Sec. 38-68d) - Sales of securities restricted.

Section
38a-121

(Formerly Sec. 38-68e) - Excepted transactions.

Section
38a-122

(Formerly Sec. 38-68f) - Foreign or domestic arbitrage transactions.

Section
38a-123

(Formerly Sec. 38-68g) - Securities of certain companies not covered.

Section
38a-124

(Formerly Sec. 38-68h) - Regulations.

Sections
38a-125 to 38a-128

Reserved for future use.

Section
38a-129

(Formerly Sec. 38-39a) - Purpose. Definitions. Applicability to captive insurance companies.

Section
38a-129a

Presumption of control.

Section
38a-130

(Formerly Sec. 38-39b) - Acquisition and divestiture of domestic insurance companies. Required statement and notice filings. Violations.

Section
38a-131

(Formerly Sec. 38-39c) - Acquisitions. Exemptions. Preacquisition notifications. Violations of competitive standards. Hearing. Penalties.

Section
38a-132

(Formerly Sec. 38-39d) - Approval of acquisitions. Hearing. Expenses.

Section
38a-133

(Formerly Sec. 38-39e) - Exemptions.

Section
38a-134

(Formerly Sec. 38-39f) - Nonvotable securities. Injunctive relief.

Section
38a-135

(Formerly Sec. 38-39g) - Insurance holding company system member registration. Registration statement. Annual enterprise risk report. Termination of registration statement. Disclaimer of affiliation. Exemptions. Supervisory college. Group-wide supervision of internationally active insurance group.

Section
38a-136

(Formerly Sec. 38-39h) - Requirements re transactions within an insurance holding company system. Prohibited transactions. Extraordinary dividends or distributions.

Section
38a-137

(Formerly Sec. 38-39i) - Confidentiality of information.

Section
38a-138

(Formerly Sec. 38-39j) - Regulations.

Section
38a-139

(Formerly Sec. 38-39k) - Appeals.

Section
38a-140

(Formerly Sec. 38-39l) - Remedial and penal provisions.

Section
38a-141

(Formerly Sec. 38-39m) - Financial and market conduct examination of acquired domestic insurance company. Transactions limited. Penalties. Regulations.

Section
38a-142

Own risk and solvency assessments. Reports. Penalty. Exemptions. Confidentiality of documents, materials or other information.

Section
38a-142a

Corporate governance annual disclosures. Confidentiality of documents, materials or other information. CGAD reviews. Penalty.

Sections
38a-143 to 38a-145

Reserved for future use.

Section
38a-146

(Formerly Sec. 38-37) - Domestic insurance company may acquire stock of other companies.

Section
38a-147

(Formerly Sec. 38-37a) - Solicitation of proxies.

Section
38a-148

(Formerly Sec. 38-37b) - Redemption of shares of domestic insurance company. Notice. Determination of fair value.

Section
38a-149

(Formerly Sec. 38-38) - Interlocking directorate.

Section
38a-150

(Formerly Sec. 38-39) - Monopoly. Complaint and hearing. Cease and desist order.

Section
38a-151

(Formerly Sec. 38-34) - Reduction of capital stock.

Section
38a-152

(Formerly Sec. 38-35) - Issuance of stock in exchange for stock of another company.

Section
38a-153

(Formerly Sec. 38-42) - Merger or consolidation of companies.

Section
38a-154

(Formerly Sec. 38-36) - Filing of the certificate of merger or consolidation with the Secretary of the State.

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.

Section
38a-156

Definitions.

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 consideration.

Section
38a-156b

Mutual holding company requirements.

Section
38a-156c

Amendments to articles of incorporation and plan of reorganization.

Section
38a-156d

Transfer of assets or liabilities and acquisition of subsidiaries by reorganized insurer.

Section
38a-156e

Requirements of reorganizing mutual life insurer. Report.

Section
38a-156f

Voting stock offerings.

Section
38a-156g

Restrictions on stock offerings and stock ownership.

Section
38a-156h

Merger or consolidation of mutual holding companies. Effect on pending court action or proceeding.

Section
38a-156i

Reorganization of domestic mutual insurer with existing domestic or foreign mutual holding company.

Section
38a-156j

Conversion of domestic mutual holding company to domestic stock corporation. Plan of conversion. Approval. Prohibited fees, commission or other consideration.

Section
38a-156k

Proceedings and actions.

Section
38a-156l

Confidentiality of information, documents and copies related to reorganization, merger, consolidation or conversion.

Section
38a-156m

Regulations.

Sections
38a-156n to 38a-156q

Reserved for future use.

Section
38a-156r

Definitions.

Section
38a-156s

Division of domestic insurer. Plan of division. Amendment and abandonment.

Section
38a-156t

Plan of division. Approval by interest holders and governors.

Section
38a-156u

Plan of division. Approval by commissioner. Notice and hearing. Certificate of approval.

Section
38a-156v

Certificate of division.

Section
38a-156w

Effect of division.

Section
38a-156x

Responsibility and liability of resulting insurers.

Section
38a-156y

Appraisal rights.

Section
38a-156z

Regulations.

Sections
38a-157 to 38a-159

Reserved for future use.

Section
38a-160

(Formerly Sec. 38-290) - Exceptions.

Section
38a-161

(Formerly Sec. 38-291) - Definitions.

Section
38a-162

(Formerly Sec. 38-292) - License required. Expiration. Fee. Required information.

Section
38a-163

(Formerly Sec. 38-293) - Application for license. Investigation. Hearing on license denial. Issuance or renewal.

Section
38a-164

(Formerly Sec. 38-294) - Revocation, suspension or refusal to renew license. Hearing. Fine. Petition to show cause.

Section
38a-165

(Formerly Sec. 38-295) - Records of licensee.

Section
38a-166

(Formerly Sec. 38-296) - Regulations.

Section
38a-167

(Formerly Sec. 38-297) - Insurance premium finance agreement requirements.

Section
38a-168

(Formerly Sec. 38-298) - Service charge.

Section
38a-169

(Formerly Sec. 38-299) - Delinquency charge.

Section
38a-170

(Formerly Sec. 38-300) - Cancellation of insurance contract on default of insured.

Sections
38a-171 to 38a-174

Reserved for future use.