Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies

  1. Law
  2. Connecticut General Statutes
  3. Insurance
  4. Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies

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Section
38a-903

(Formerly Sec. 38-421) - Short title: Insurers Rehabilitation and Liquidation Act. Interpretation. Applicability.

Section
38a-904

(Formerly Sec. 38-422) - Application of provisions.

Section
38a-905

(Formerly Sec. 38-423) - Definitions.

Section
38a-906

(Formerly Sec. 38-424) - Jurisdiction and venue.

Section
38a-907

(Formerly Sec. 38-425) - Injunctions, orders and stays.

Section
38a-908

(Formerly Sec. 38-426) - Cooperation of officers, owners and employees. Penalties.

Section
38a-909

(Formerly Sec. 38-427) - Persons afforded protection. Official immunity. Segregation of funds. Bonds.

Section
38a-910

(Formerly Sec. 38-428) - Continuation of delinquency proceedings.

Section
38a-911

(Formerly Sec. 38-429) - Delinquency proceeding: Limitations and conditions.

Section
38a-912

(Formerly Sec. 38-430) - Seizure order by court.

Section
38a-913

(Formerly Sec. 38-431) - Confidentiality of proceedings.

Section
38a-913a

Records of delinquent insurer. Use as evidence. Applicability of Freedom of Information Act. Costs of producing records.

Section
38a-914

(Formerly Sec. 38-432) - Grounds for rehabilitation.

Section
38a-915

(Formerly Sec. 38-433) - Rehabilitation orders. Appointment of judge to supervise rehabilitation. Accounting. Appeals.

Section
38a-916

(Formerly Sec. 38-434) - Powers and duties of the rehabilitator. Advisory committees.

Section
38a-917

(Formerly Sec. 38-435) - Actions by and against rehabilitator.

Section
38a-918

(Formerly Sec. 38-436) - Order of liquidation. Termination of rehabilitation.

Section
38a-919

(Formerly Sec. 38-437) - Grounds for liquidation.

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.

Section
38a-921

(Formerly Sec. 38-439) - Continuance of coverage. Cancellation of bond or surety undertaking.

Section
38a-922

(Formerly Sec. 38-440) - Dissolution of insurer.

Section
38a-923

(Formerly Sec. 38-441) - Powers of liquidator.

Section
38a-924

(Formerly Sec. 38-442) - Notice to creditors and others. Requirements. Exceptions.

Section
38a-925

(Formerly Sec. 38-443) - Duties of agents. Penalty.

Section
38a-926

(Formerly Sec. 38-444) - Actions by and against liquidator.

Section
38a-927

(Formerly Sec. 38-445) - List of assets.

Section
38a-928

(Formerly Sec. 38-446) - Fraudulent transfers prior to petition.

Section
38a-929

(Formerly Sec. 38-447) - Fraudulent transfer after petition.

Section
38a-930

(Formerly Sec. 38-448) - Voidable preferences and liens. Exceptions.

Section
38a-931

(Formerly Sec. 38-449) - Claims of holders of void or voidable rights.

Section
38a-932

(Formerly Sec. 38-450) - Set-offs and counterclaims. Accounting statements.

Section
38a-933

(Formerly Sec. 38-451) - Assessments.

Section
38a-933a

Amounts recoverable. Affiliate liability. Timing of proceedings.

Section
38a-934

(Formerly Sec. 38-452.) Reinsurer's liability.

Section
38a-935

(Formerly Sec. 38-453) - Recovery of premiums owed. Penalty. Appeals.

Section
38a-936

(Formerly Sec. 38-454) - Liquidator's proposal to distribute assets.

Section
38a-937

(Formerly Sec. 38-455) - Filing of claims.

Section
38a-938

(Formerly Sec. 38-456) - Proof of claim.

Section
38a-939

(Formerly Sec. 38-457) - Special claims.

Section
38a-940

(Formerly Sec. 38-458) - Special provisions for third party claims. Liquidator recommendations. Provisions not applicable to claims covered by guaranty association.

Section
38a-941

(Formerly Sec. 38-459) - Disputed claims. Hearings. Procedure.

Section
38a-942

(Formerly Sec. 38-460) - Claims of surety.

Section
38a-943

(Formerly Sec. 38-461) - Secured creditor's claims.

Section
38a-944

(Formerly Sec. 38-462) - Priority of distribution of claims.

Section
38a-944a

Additional rights. Netting agreements. Qualified financial contracts. Security arrangements.

Section
38a-945

(Formerly Sec. 38-463) - Liquidator's recommendations to the court.

Section
38a-946

(Formerly Sec. 38-464) - Distribution of assets.

Section
38a-947

(Formerly Sec. 38-465) - Unclaimed and withheld funds.

Section
38a-948

(Formerly Sec. 38-466) - Termination of proceedings.

Section
38a-949

(Formerly Sec. 38-467) - Reopening liquidation.

Section
38a-950

(Formerly Sec. 38-468) - Disposition of records during and after termination of liquidation.

Section
38a-951

(Formerly Sec. 38-469) - External audit of the receiver's books.

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.

Section
38a-953

(Formerly Sec. 38-471) - Liquidation of property of foreign or alien insurers found in this state.

Section
38a-954

(Formerly Sec. 38-472) - Domiciliary liquidators in other states.

Section
38a-955

(Formerly Sec. 38-473) - Ancillary formal proceedings.

Section
38a-956

(Formerly Sec. 38-474) - Ancillary summary proceedings.

Section
38a-957

(Formerly Sec. 38-475) - Claims of nonresidents against insurers domiciled in this state.

Section
38a-958

(Formerly Sec. 38-476) - Commissioner as ancillary receiver for insurers not domiciled in this state.

Section
38a-959

(Formerly Sec. 38-477) - Attachment, garnishment or levy of execution not to be commenced.

Section
38a-960

(Formerly Sec. 38-478) - Interstate priorities.

Section
38a-961

(Formerly Sec. 38-479) - Subordination of claims for noncooperation.

Section
38a-962

Definitions.

Section
38a-962a

Applicability.

Section
38a-962b

Administrative supervision by the commissioner.

Section
38a-962c

Confidentiality of proceedings, hearings, records, reports and correspondence. Exception.

Section
38a-962d

Prohibited activities during supervision. Prior approval.

Section
38a-962e

Contested action. Appeal.

Section
38a-962f

Judicial or other delinquency proceedings.

Section
38a-962g

Regulations.

Section
38a-962h

Supervision proceeding: Contact with commissioner allowed.

Section
38a-962i

Immunity from liability.

Section
38a-962j

Right of recovery.

Sections
38a-963 to 38a-965

Reserved for future use.

Sections
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 assets.

Sections
38a-971 to 38a-974

Reserved for future use.