A risk retention group that violates any provision of sections 38a-250 to 38a-266 , inclusive, shall be subject to fines and penalties applicable to licensed insurers generally, including revocation of its license and the right to do business in this state.
Conn. Gen. Stat. § 38a-264
(Formerly Sec. 38-544). Penalties for violations of chapter
(P.A. 87-135, S. 15, 18; P.A. 17-15, S. 21.) History: Sec. 38-544 transferred to Sec. 38a-264 in 1991; P.A. 17-15 made a technical change.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.