A company may take premium notes, or give credit for part of its premiums, in accordance with its usual course of business.
Conn. Gen. Stat. § 38a-443
(Formerly Sec. 38-147). Premium notes
Known as the Standard Nonforfeiture Law
The act spans §§ 38–38 (56 sections).
(1949 Rev., S. 6173.) History: Sec. 38-147 transferred to Sec. 38a-443 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.