Life Insurance, Annuities, Burial Contracts and Life Settlements

  1. Law
  2. Connecticut General Statutes
  3. Insurance
  4. Life Insurance, Annuities, Burial Contracts and Life Settlements

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Section
38a-430

(Formerly Sec. 38-135a) - Approval of form of life insurance and annuity policies and contracts. War or military service coverage exclusion prohibited. Optional health insurance riders.

Section
38a-431

(Formerly Sec. 38-153) - Group insurance.

Section
38a-432

(Formerly Sec. 38-154) - Annuities.

Section
38a-432a

Regulations concerning consumer annuity transactions.

Section
38a-432b

Regulations concerning solicitation and sale of life insurance and annuities to senior citizens. Disciplinary action.

Section
38a-433

(Formerly Sec. 38-154a) - Life insurance or annuities payable in fixed or variable amounts. Accumulation of funds pursuant to funding agreements.

Section
38a-434

(Formerly Sec. 38-155) - Insurance against accident and disease.

Section
38a-435

(Formerly Sec. 38-147a) - Regulations re replacement of or borrowing on life insurance products, policies or contracts.

Section
38a-436

(Formerly Sec. 38-157a) - Notice of voidability of individual insurance contracts. Procedure. Time limit.

Section
38a-436a

Designation of third party to receive cancellation notices of individual life insurance policies.

Section
38a-437

(Formerly Sec. 38-158) - Copy of application to be furnished.

Section
38a-438

(Formerly Sec. 38-130b) - Short title: Standard Nonforfeiture Law.

Section
38a-439

(Formerly Sec. 38-130c) - Minimum nonforfeiture benefits for life insurance policyholders who default in premium payments. Cash surrender value.

Section
38a-440

(Formerly Sec. 38-130d) - Minimum nonforfeiture benefits for annuity contract holders upon cessation of payment of considerations under a contract.

Section
38a-441

(Formerly Sec. 38-159c) - Notice to insured when life insurance policy paid up.

Section
38a-442

(Formerly Sec. 38-156) - Dating back of policies prohibited.

Section
38a-443

(Formerly Sec. 38-147) - Premium notes.

Section
38a-444

(Formerly Sec. 38-147b) - Life insurance policy loans. Interest rate allowable.

Section
38a-445

(Formerly Sec. 38-160) - Deferring the granting of loans and surrender values.

Section
38a-446

(Formerly Sec. 38-149) - Discrimination in favor of individuals prohibited.

Section
38a-447

(Formerly Sec. 38-150) - Discrimination against persons on the basis of race prohibited.

Section
38a-447a

Exclusion of coverage on the basis of naloxone prescription prohibited.

Sections
38a-448 and 38a-449

(Formerly Secs. 38-151 and 38-152) - Affidavit of examining physician.

Section
38a-450

(Formerly Sec. 38-159) - Certain corporations and associations may be made beneficiaries.

Section
38a-451

(Formerly Sec. 38-159a) - Trustee as beneficiary of policy.

Section
38a-452

(Formerly Sec. 38-159b) - Payment of interest on life insurance death benefits.

Section
38a-453

(Formerly Sec. 38-161) - Rights of creditors of insured against beneficiary.

Section
38a-454

(Formerly Sec. 38-162) - Proceeds of insurance policies and annuities may be held in trust.

Section
38a-455

Assignment of incidents of ownership under group life policy.

Section
38a-456

Notice of cancellation or discontinuation of group life insurance coverage. Penalty.

Section
38a-457

Accelerated benefits of life insurance policies.

Section
38a-458

Life insurance policies and annuities providing long-term care benefits. Regulations.

Section
38a-458a

Option for certain insurers to combine long-term care coverage with certain life, endowment or annuity coverages.

Section
38a-459

(Formerly Sec. 38-33a) - Funding agreements by domestic life insurance companies. Establishment of companies' obligations. Segregation of moneys.

Section
38a-460

Accumulation fund arrangements. Definition.

Sections
38a-461 to 38a-463

Reserved for future use.

Section
38a-464

(Formerly Sec. 38-32) - Burial contracts; license from Insurance Commissioner.

Section
38a-465

Definitions.

Section
38a-465a

Licensing of life settlement providers and brokers.

Section
38a-465b

Denial, suspension or revocation of license. Refusal to renew license. Appeals.

Section
38a-465c

Contract form and disclosure statements. Filing and approval requirements. Disclosure of life settlement contract availability and lawful assignment not to be prohibited.

Section
38a-465d

Annual statements. Penalty. Confidentiality of insured's information. Reasons for disclosure of insured's identity.

Section
38a-465e

Examination of licensees and applicants. Commissioner's access to records. Retention of records. Expenses of examination. Confidentiality of examination workpapers and reports.

Section
38a-465f

Required disclosures.

Section
38a-465g

Prerequisites to a life settlement contract wherein insured is terminally or chronically ill. Medical release and confidentiality of medical information. Verification of coverage. Notice to insurer. Change of ownership or beneficiary. Rescission. Escrow agent or trustee. Broker fee calculation and disclosure of compensation. Prohibitions. Exemptions.

Section
38a-465h

Premium finance loans. Disclosures and certifications.

Section
38a-465i

Violations.

Section
38a-465j

Fraudulent life settlement acts prohibited. Confidentiality of documents and evidence. Antifraud plans.

Section
38a-465k

Injunctions. Cease and desist orders. Damages.

Section
38a-465l

Penalties.

Section
38a-465m

Regulations. Imposition of bond or other mechanism as proof of financial accountability. Conflict of laws.

Section
38a-465n

Life settlement advertisements.

Section
38a-465o

Life settlement broker deemed to represent only the owner. Fiduciary duty to owner.

Section
38a-465p

Provider or broker lawfully transacting business in the state or person lawfully negotiating life settlement contracts prior to October 1, 2008.

Section
38a-465q

Related provider trusts.

Sections
38a-466 to 38a-468

Reserved for future use.