Any domestic insurance company empowered to make contracts contingent upon life may grant and issue annuities either in connection with or separate from contracts of insurance predicated upon life risks.
Conn. Gen. Stat. § 38a-432
(Formerly Sec. 38-154). Annuities
Known as the Standard Nonforfeiture Law
The act spans §§ 38–38 (56 sections).
Applied in 1 court decision — leading case 11 Cal. App. 4th 460 - Texas Commerce Bank v. Garamendi (1992)
Most recently applied in 11 Cal. App. 4th 460 - Texas Commerce Bank v. Garamendi (November 1992)
(1949 Rev., S. 6144.) History: Sec. 38-154 transferred to Sec. 38a-432 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.