No life insurance company doing business in this state shall make or permit any distinction or discrimination in favor of individuals between insurants of the same class and expectation of life in the amount or payment of premiums or rates charged for policies of life or endowment insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of the contracts it makes; nor shall any such company or any producer or other person make any contract of insurance or agreement as to such contract other than is plainly expressed in the policy issued thereon.
Conn. Gen. Stat. § 38a-446
(Formerly Sec. 38-149). Discrimination in favor of individuals prohibited
Known as the Standard Nonforfeiture Law
The act spans §§ 38a-430 to 38a-466 (56 sections).
Applied in 1 court decision — leading case Massachusetts Mutual Life Insurance v. United States (2012)
Most recently applied in Massachusetts Mutual Life Insurance v. United States (January 2012)
(1949 Rev., S. 6139; P.A. 96-193, S. 13, 36.) History: Sec. 38-149 transferred to Sec. 38a-446 in 1991; P.A. 96-193 substituted “producer” for “agent, subagent, broker”, effecti…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.