Any domestic insurance company may retain or acquire the whole or any part of the stock or other share capital of other insurance corporations, provided no insurance corporation shall, by reason of such retention or acquisition of stock or other share capital, conduct its business with the public in a manner which substantially lessens competition or tends to create a monopoly.
Conn. Gen. Stat. § 38a-146
(Formerly Sec. 38-37). Domestic insurance company may acquire stock of other companies
(1949 Rev., S. 6093.) History: Sec. 38-37 transferred to 38a-146 in 1991.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.